StablR Stablecoins Depeg After $13.5M Multisig Exploit According to The Block, Tether- and Kraken-backed stablecoin issuer StablR saw its E…
StablR Stablecoins Depeg After $13.5M Multisig Exploit
According to The Block, Tether- and Kraken-backed stablecoin issuer StablR saw its EURR and USDR stablecoins depeg after an attacker exploited a 1-of-3 multisig wallet and minted $13.5 million in unbacked tokens. EURR fell to $0.85 while USDR dropped as low as $0.40. The attacker reportedly swapped over $10 million worth of tokens for ETH.
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