StablR stablecoin depegged after being attacked, and the attacker has profited approximately 2.8 million dollars

By: rootdata|2026/05/25 04:45:01

The stablecoin issuer StablR has encountered ongoing attacks, leading to its euro stablecoin EURR and dollar stablecoin USDR becoming unpegged. Blockchain security company Blockaid stated that the attackers allegedly gained control by obtaining the private key of one owner in the minting multi-signature account, replacing other administrators under a mechanism that only required 1/3 of the signatures, and additionally minted 8.35 million USDR and 4.5 million EURR. Subsequently, the attackers exchanged tokens worth approximately $10.4 million on a DEX for about 1,115 ETH, realizing a profit of approximately $2.8 million. As a result of the incident, EURR briefly fell to around $0.88, and USDR dropped to around $0.7. Blockaid pointed out that this incident was not due to a smart contract vulnerability, but rather a failure in key management and governance mechanisms.

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