The Defiant·
Estimates of losses range from $2.8 million to $10 million.
Read full articleMalta-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 […]
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.
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.
Grayscale identified Ethereum, Solana, BNB Chain, and Canton Network as blockchain networks positioned to benefit from clearer U.S. digital-asset rules, including potential passage of the CLARITY Act. The research cited tokenized assets, DeFi, stablecoins, and institutional infrastructure as key areas of potential demand. Crypto Networks to Benefit From CLARITY Act Passage Grayscale shared a research […]
A payments operations manager who once spent days chasing confirmations across correspondent banks, watching settlement windows stretch into weeks, can today close the same transaction in seconds, with documentation on-chain and a stablecoin doing the work that once required multiple intermediaries and a waiting game.
Over the last seven days, the stablecoin sector posted a slight contraction of $90.01 million, bringing the market’s total valuation to $323.052 billion, according to figures compiled by Defillama. Tether continues to dominate the category, with its market capitalization sitting just below the $190 billion threshold at $189.468 billion, accounting for 58.65% of the stablecoin […]
