StabIR hit by exploit targeting EURR and USDR contracts; losses top $10 million

Odaily Planet Daily reported that crypto KOL Yusuf flagged an attack yesterday on the EURR and USDR smart contracts of European stablecoin issuer StabIR, with losses exceeding $10 million. More than $100,000 of the stolen funds have since been frozen. USDR and EURR have each moved more than 20% away from their pegs following the incident.