EURR fell to $0.85 and USDR fell as low as $0.40 after an attacker dumped roughly $10.4 million in face value on decentralized exchanges.

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.