After StablR suspended USDR and EURR minting and redemptions following a $13.5 million exploit, Oobit said it froze a six-figure amount of related EURR as funds attempted to exit through its platform.
StablR halted minting and redemptions for its USDR and EURR stablecoins after attackers exploited a 1-of-3 Ethereum multisig wallet weakness to mint about $13.5 million in unauthorized, unbacked tokens, with roughly $2.8 million reportedly cashed out. In a related development, Oobit said its compliance team froze a six-figure amount of EURR tied to the exploit when the funds attempted to leave through its Tether-backed mobile wallet, adding that no user funds were affected and its own systems were not breached. Following the suspension, USDR recovered to around $0.994 while EURR fell to about $0.548, showing sharply different market responses.