StablR suspends USDR and EURR operations due to an attack, with tokens experiencing depegging.
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StablR has suspended the operations of USDR and EURR due to a network attack. The attack exploited a vulnerability in the 1-of-3 multisig wallet, allowing the attacker to acquire keys and mint 13.5 million worth of uncollateralized tokens, generating $2.8 million in profits. Following the incident, the tokens temporarily depegged by 50%, with USDR quoted at $0.994 and EURR falling to $0.548.
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