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StablR Suspends USDR, EURR After Hackers Mint 8.35M Tokens Using Wallet Exploit

GateNews

Security Incidents Exchange Risk

2026-05-26 11:37:24

According to CoinDesk, StablR suspended minting, redemption, and trading of its stablecoins USDR and EURR on May 26 after attackers exploited a low-threshold 1-of-3 multisig wallet to gain admin access. The hackers minted approximately 8.35 million USDR and 4.5 million EURR, worth about $13.5 million at peg, with roughly $2.8 million actually liquidated. The unauthorized issuance left both stablecoins under-collateralized; USDR depegged to $0.994 before recovering slightly, while EURR fell to $0.548. StablR said it has launched an investigation and will report the incident to Maltese regulators.

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