European stablecoin issuer StablR suffered a contract exploit on May 24, 2026, draining between $3-10 million. On-chain investigator ZachXBT flagged the live hack affecting StablR-linked contracts. Both EURR and USDR stablecoins crashed more than 20% below their pegs following the exploit. The attacker wallet was initially funded through CCTP on Noble, and Blockaid also flagged the incident.
StablR exploit incident
- ▪The StablR exploit was flagged by on-chain sleuth ZachXBT
- ▪The StablR attacker wallet was first funded through CCTP on Noble
- ▪ZachXBT posted the StablR exploit alert on Telegram
- ▪Blockaid flagged the StablR Euro exploit
- ▪EURR fell more than 20% below peg following the StablR exploit
- ▪Two contracts tied to European stablecoin issuer StablR may have been drained in a live exploit worth about $10 million
StablR reserve structure
- ▪StablR's backing model is supported by independent reserve reviews
- ▪StablR presents its tokens through regulated financial institutions
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