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 lose around 20% of their peg, while the attacker made an estimated $2.8 million. The incident highlights ongoing security risks tied to poorly configured crypto governance systems and private key management.
The post StablR Stablecoins Depeg After Multisig Exploit Mints Millions in Fake Tokens appeared first on Coinpedia Fintech News StablR suffered a security breachThe post StablR Stablecoins Depeg After Multisig Exploit Mints Millions in Fake Tokens appeared first on Coinpedia Fintech News StablR suffered a security breach
StablR Stablecoins Depeg After Multisig Exploit Mints Millions in Fake Tokens
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