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Stablecoin de-pegging stories

May 24, 2026

StablR Euro Stablecoins EURR and USDR Lose Peg After $3-10 Million Exploit

European stablecoin issuer StablR suffered a contract exploit draining between $3-10 million, causing EURR and USDR to crash over 20% below their pegs. On-chain investigator ZachXBT flagged the incident as a live hack affecting StablR-linked contracts.

May 24, 2026·2 sources
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Top claims

  • ▪Two contracts tied to European stablecoin issuer StablR may have been drained in a live exploit worth about $10 million
  • ▪ZachXBT posted the StablR exploit alert on Telegram
  • ▪The StablR attacker wallet was first funded through CCTP on Noble

Subtopics

Crypto hacks1DeFi1Smart contract exploits1Stablecoins1

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