MiCA Compliant Euro Stablecoin Depegs to $0.85 After 1-of-3 Multisig Exploit Drains Millions

Malta-based stablecoin issuer StablR suffered a security incident on Sunday, after an attacker exploited a weak multisig configuration to mint millions of unbacked EURR and USDR tokens and dump them on decentralized exchange ( DEX) platforms. EURR Drops 24%, and USDR Falls 37% as StablR’s Two Stablecoins Depeg After Key Exploit Reports say the breach […]

via Jamie Redman