Oobit Freezes €100,000 in Assets Linked to $13.5 Million StablR Smart-Contract Exploit

Oobit, a Tether-backed mobile payment application, announced via X that it has frozen approximately €100,000 in EURR linked to a recent smart-contract exploit targeting StablR. The action followed an alert from blockchain investigator ZachXBT, who identified a $13.5 million attack involving StablR’s EURR and USDR contracts. Oobit’s compliance team successfully flagged the suspicious activity, subsequently closing withdrawal routes to prevent the movement of illicit funds. While StablR reportedly suffered approximately $2.8 million in direct losses and experienced temporary depegging of its stablecoins, Oobit confirmed that its internal systems were not breached and customer assets remain unaffected. The firm is currently collaborating with StablR and law enforcement investigators to resolve the incident.