StablR Stablecoins Exploited, EURR and USDR Depeg After Minting Key Compromise
Estimates of losses range from $2.8 million to $10 million.
Bitcoin News·
Malta-based stablecoin issuer StablR suffered a security incident on Sunday, after an attacker exploited a weak multisig configuration to mint millions of unbacked EURR and USDR tokens and dump them on decentralized exchange ( DEX) platforms. EURR Drops 24%, and USDR Falls 37% as StablR’s Two Stablecoins Depeg After Key Exploit Reports say the breach […]
Read full articleEstimates of losses range from $2.8 million to $10 million.
Attackers drained nearly $2.8M after minting fake USDR and EURR tokens. USDR and EURR sharply depegged after exploit-driven token dumping on Ethereum. The exploit exposed governance and wallet security risks across DeFi platforms. StablR’s USDR and EURR stablecoins lost their peg after attackers exploited the platform’s minting system and extracted millions of dollars in value. […] The post StablR USD and Euro Tokens Depeg After Multi-Million Dollar Attack appeared first on Live Bitcoin News.
StablR USDR and EURR depeg after a suspected key compromise lets an attacker mint tokens and extract 1,115 ETH worth $2.8M in DEX swaps now.
You would be wrong to assume that major crypto licensing regulations are converging to the same point. On the opposite: they tend to focus on area-specific goals. MiCA Decoded is a 12-article weekly series for Bitcoin.com News, co-authored by LegalBison’s Co-Founding and Managing Directors: Aaron Glauberman, Viktor Juskin and Sabir Alijev. LegalBison advises crypto and […]
The suspected cause is a private key compromise of one owner in the minting multisig account, said Blockaid.
The suspected exploit could undermine trust in stablecoin security, impacting investor confidence and regulatory scrutiny in the sector. The post Stablecoin issuer StablR potentially exploited for over $3M in dual contract attack: ZachXBT appeared first on Crypto Briefing.
The ECB's decision may hinder euro stablecoin competitiveness, potentially reinforcing the dominance of dollar-denominated stablecoins in Europe. The post European Central Bank rejects proposal to ease euro stablecoin rules appeared first on Crypto Briefing.
The Senate closed its doors without voting on the CLARITY Act, even though the committee had passed it with a strong 15-9 vote. Senator Lummis cautioned that if the present opportunity is missed, new law on crypto could be delayed till 2030. MiCA in Europe continues to develop as US legislators continue to try and […] The post Congress Delays CLARITY Act as Crypto Industry Fears Another Lost Year appeared first on Live Bitcoin News.