StablR minting contract exploited via stolen key
- —Attacker gained full control of StablR's minting contract using a stolen key
- —Millions of dollars in stablecoins were minted without authorization
- —Incident raises concerns over security practices across stablecoin issuers
Why it matters: The exploit undermines confidence in stablecoin security and could invite tougher regulatory scrutiny of the sector.
Source: Coinfomania