ZachXBT flags possible ~$10M exploit on StablR-linked contracts; EURR and USDR slip 20% off peg
On-chain investigator ZachXBT said two contracts tied to European stablecoin issuer StablR may have been drained in a live exploit worth about ~$10M, pushing EURR and USDR more than 20% below their pegs. He identified the main wallet address and listed seven additional addresses he linked to the incident. Roughly two hours after his first alert, he said he helped freeze a six-figure amount while the exploit was still ongoing.