PANews|5月 26, 2026 11:35
[StablR Suspends USDR and EURR Operations Due to Token Over-Issuance from Attack]
According to CoinDesk, European stablecoin issuer StablR has suspended the minting and redemption of USDR and EURR following a hacker attack, and has requested exchanges to halt trading, deposits, and withdrawals of the two tokens. The attacker exploited a vulnerability in its Ethereum 1-of-3 multisig wallet, where the threshold was set too low. After compromising a single private key, the attacker added themselves as an administrator and removed the original signatories, leading to the over-issuance of approximately 8.35 million USDR and 4.5 million EURR. At the pegged value, this amounts to roughly $13.5 million, with an actual cash-out of about $2.8 million. The incident caused both stablecoins to become under-collateralized, failing to meet the MiCA requirement of 1:1 full reserves. USDR briefly depegged before recovering to around $0.994, while EURR dropped to approximately $0.548.
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