StablRs Euro-backed stablecoin EURR and dollar-pegged USDR lost their pegs on Ethereum on May 24, 2026, after attackers exploited the platforms minting system and extracted nearly $2.8 million in crypto assets. Blockchain security company Blockaid confirmed the incident and stated that the exploit was caused by a compromised private key rather than a vulnerability in the smart contracts. According to Blockaid, the attackers gained control of StablRs minting multisig wallet, which operated with a weak 1-of-3 signature setup. Because only one authorized signer was needed to approve actions, the… Read more
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