StablR Stablecoins Depeg After Multisig Exploit Mints Millions in Fake Tokens

The post StablR Stablecoins Depeg After Multisig Exploit Mints Millions in Fake Tokens appeared first on Coinpedia Fintech News

StablR suffered a security breach on Ethereum after attackers exploited a weak multisig wallet setup that required only one signature for approval. The attacker reportedly gained access to a key holder’s wallet, added malicious owners to the multisig, and minted about 8.35 million USDR and 4.5 million EURR tokens. The exploit caused both stablecoins to …