StablR stablecoins USDR and EURR briefly depeg after multisig exploit mints millions of fake tokens on Ethereum
first published 2026-05-25T08:00:20Z
StablR suffered a security breach on Ethereum when attackers exploited a poorly configured multisig wallet that required only one signature. The attacker added malicious owners, minted about 8.35 million USDR and 4.5 million EURR, and both stablecoins briefly lost around 20% of their peg before recovering.
AI Analysis
The summary reports a security breach, unauthorized minting of large amounts of USDR and EURR, and a brief 20% peg loss, all of which are clearly negative and market-moving for the affected stablecoins.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
