StablR freezes USDR and EURR after attacker mints $13.5 million in unbacked tokens
StablR has suspended operations for its USDR and EURR stablecoins following a cyberattack that resulted in the minting of $13.5 million in unbacked tokens. The breach exploited a weakness in a multisig wallet, allowing attackers to compromise a key and mint the tokens. StablR is currently investigating the incident and has notified relevant regulatory authorities.
- ▪StablR froze USDR and EURR operations after a cyberattack left the assets under-collateralized.
- ▪The attack allowed the minting of $13.5 million in unbacked tokens, netting the attackers $2.8 million.
- ▪USDR and EURR briefly lost up to 50% of their peg following the breach.
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| Original publisher | CoinDesk |
| Canonical URL | https://www.coindesk.com/markets/2026/05/26/stablr-freezes-usdr-and-eurr-after-attacker-mints-usd13-5-million-in-unbacked-tokens |
| Publication time | Tue, 26 May 2026 11:25:23 +0000 |
| Retrieval time | 2026-05-26T11:37:48.652Z |
| Last seen | 2026-05-26T11:37:48.652Z |
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailStablR freezes USDR and EURR after attacker mints $13.5 million in unbacked tokensThe breach, linked to a 1-of-3 multisig wallet weakness, allowed attackers to compromise a key and mint $13.5 million in unbacked tokens, netting them $2.8 million.By Francisco Rodrigues|Edited by Jamie Crawley May 26, 2026, 11:25 a.m. 2 min readMake preferred on (Boitumelo/Unsplash)What to know: StablR suspended USDR/EURR operations after a cyberattack.
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