StablR stablecoins depeg after $13.5M exploit
StablR’s EURR and USDR stablecoins depegged due to a $13.5M multisig exploit.
The attacker minted $13.5 million in unbacked tokens, causing EURR to fall to $0.85 and USDR to drop to $0.40.
The attacker swapped over $10 million worth of tokens for ETH.