$EURR loses its peg after the StablR project breach, causing a panic sell-off on stablecoins tied to the project.
Reports indicate that a vulnerability in the multisig was exploited, leading to the leak of private keys, with the attacker’s profits estimated between 2.8 to 10 million dollars.
The market is starting to reassess the security and liquidity risks in smaller stablecoin projects.
#Crypto #bitcoin #Stablecoins #defi #EURR #USD
Reports indicate that a vulnerability in the multisig was exploited, leading to the leak of private keys, with the attacker’s profits estimated between 2.8 to 10 million dollars.
The market is starting to reassess the security and liquidity risks in smaller stablecoin projects.
#Crypto #bitcoin #Stablecoins #defi #EURR #USD