Tether and Kraken-backed European stablecoin issuer StablR suffered a multi-signature wallet private key leak attack today. After gaining control of the minting authority, the attacker minted approximately $13.5 million worth of EURR and USDR without collateral and dumped them on DEXs, causing both stablecoins to depeg. EURR dropped as low as $0.85, while USDR fell to a minimum of $0.40. Security firm Blockaid stated that the core issue was not a smart contract vulnerability but the use of a 1-of-3 multi-signature structure, where a single private key theft could fully control the minting authority. (The Block) https://(wublock123.com)/news/stablr-multisig-key-leak-1350k-eurr-usdr-theft-61593