Stablecoin issuer StablR has reported an exploit resulting in its euro and US dollar stablecoins depegging. Blockchain security firm Blockaid stated that $2.8 million has been extracted so far due to a private key compromise.
StablR's euro and US dollar stablecoins have depegged after an exploit drained $2.8 million, reportedly due to a compromised private key in the minting multisignature account. This incident adds to a growing list of crypto hacks this month.
StablR's Euro and USD stablecoins (EURR, USDR) have depegged due to an exploit where a compromised private key allowed an attacker to mint millions in new tokens. Approximately $2.8 million was extracted after the attacker swapped the minted assets on decentralized exchanges.
