GoPlus Security 🚦 (@GoPlusSecurity): 🧵1/ 5
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
🧵1/ 5 ⚠️ Vulnerability Analysis: Breakdown of the StablR exploit incident The stablecoin protocol @StablREuro suffered a security incident on Ethereum due to an insecure multisig contract configuration (with the multisig threshold set to 1), combined with the compromise of a holder’s private key. As a result, the EURR and USDR stablecoins depegged by 20%, while the attacker has profited approximately $2.8 million.