StabIR's EURR and USDR contracts exploited; over $10 million drained, tokens drop more than 20% off peg

ChainCatcher reported that crypto influencer Yusuf, who tracks on-chain activity, flagged an attack on two smart contracts issued by European stablecoin provider StabIR—EURR and USDR—on Tuesday. The exploit led to losses exceeding $10 million. More than $100,000 of the stolen funds have since been frozen. Both USDR and EURR have also broken their pegs, each falling by more than 20%.