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StablR stablecoins EURR and USDR lose 20% value after $10M exploit linked to compromised multi-signature keys.

Market News
24 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Nearly $10 million was stolen in an exploit targeting StablR's EURR and USDR stablecoins, causing both to drop over 20% below their pegs. The breach is suspected to have resulted from compromised multi-signature wallet access rather than smart contract flaws. Despite emergency freezing of some funds, the exploit remained active for hours, shaking confidence in reserve management and liquidity. The incident raises concerns about operational security in stablecoins and leaves investors uncertain about recovery and redemption stability.

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