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StablR stablecoins lose pegs after $2.8M stolen via compromised minting keys.

Market News
24 May 2026
Crypto news
View Source
Bearish
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StablR's euro (EURR) and dollar (USDR) stablecoins lost their pegs following a security breach where an attacker compromised a private key controlling minting permissions. The attacker minted 12.85 million tokens and converted them through decentralized exchanges, extracting about $2.8 million worth of ETH. This incident highlights a key management failure rather than a smart contract bug, causing significant market disruption with EURR and USDR trading well below their intended values. The breach adds to a series of crypto security issues seen in May, emphasizing risks in stablecoin governance and key control.

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