StablR's EURR and USDR lost their pegs May 24 after a 1-of-3 multisig exploit minted $10.4M in unbacked tokens on DEXes.

According to blockchain sleuth ZachXBT, two contracts related to StablR may have been exploited in an attack worth more than $3 million.

A private key exploit let an attacker mint $10 million in StablR tokens and dump them for ETH, depegging EURR and USDR.