StablR exploit enabled unbacked minting, $10.4M swapped and 1,115 ETH extracted

The StablR incident undermined stablecoin confidence after attackers abused a low-threshold 1-of-3 multisig to gain effective minting authority. The breach enabled unauthorized issuance of about 8.35 million USDR and 4.5 million EURR, which later saw EURR fall toward $0.86 and USDR drop below the $0.80 area. Attackers then swapped nearly $10.4 million in newly minted tokens and extracted around 1,115 ETH amid deteriorating liquidity.