StablR freezes USDR and EURR after attacker mints $13.5 million in unbacked tokens
StablR has suspended operations for its USDR and EURR stablecoins following a cyberattack that resulted in the minting of $13.5 million in unbacked tokens. The breach exploited a weakness in a multisig wallet, allowing attackers to compromise a key and mint the tokens. StablR is currently investigating the incident and has notified relevant regulatory authorities.
- ▪StablR froze USDR and EURR operations after a cyberattack left the assets under-collateralized.
- ▪The attack allowed the minting of $13.5 million in unbacked tokens, netting the attackers $2.8 million.
- ▪USDR and EURR briefly lost up to 50% of their peg following the breach.
Opening excerpt (first ~120 words) tap to expand
MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailStablR freezes USDR and EURR after attacker mints $13.5 million in unbacked tokensThe breach, linked to a 1-of-3 multisig wallet weakness, allowed attackers to compromise a key and mint $13.5 million in unbacked tokens, netting them $2.8 million.By Francisco Rodrigues|Edited by Jamie Crawley May 26, 2026, 11:25 a.m. 2 min readMake preferred on (Boitumelo/Unsplash)What to know: StablR suspended USDR/EURR operations after a cyberattack.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
Discussion
0 commentsMore from CoinDesk
