🔐 "Multi-Signature" in Name Only: How a Single Private Key Led to $3M in Losses On May 24, compliant stablecoin protocol StablR was exploited. Its euro stablecoin EURR and dollar stablecoin USDR both depegged by 20%, resulting in losses exceeding $3 million. 💸 The root cause was not a code vulnerability, but a failure in access control: the multi-signature wallets governing minting required only a single signature threshold, meaning one compromised private key was all it took for the attacker to mint tokens at will. 🔑 We conducted a full on-chain investigation of this incident, covering: 🔍 Attack vector reconstruction 💰 Stolen Funds Flow Analysis 📋 Involved address list 🗺️ Overall Fund Flow Diagram 👇 Click the original post for the full report and address list(Beosin 🛡 Web3 Security & Compliance)