Wu Blockchain (@WuBlockchain): StablR Stablecoins Depeg After $13.5M Multisig Exploit
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
StablR Stablecoins Depeg After $13.5M Multisig Exploit According to The Block, Tether- and Kraken-backed stablecoin issuer StablR saw its EURR and USDR stablecoins depeg after an attacker exploited a 1-of-3 multisig wallet and minted $13.5 million in unbacked tokens. EURR fell to $0.85 while USDR dropped as low as $0.40. The attacker reportedly swapped over $10 million worth of tokens for ETH. https://x.com/TheBlockCo/status/2058565879160246422?s=20