Oobit, a mobile wallet supported by Tether, posted on X to clarify that after “on-chain detective” ZachXBT revealed a $13.5 million exploit targeting two smart contracts (EURR and USDR) of the stablecoin issuer StablR, the stolen funds had attempted to exit via Oobit. However, Oobit’s compliance team identified the suspicious activity, successfully froze EURR funds valued in the six-figure range, and shut down the withdrawal channels. No user funds were affected, and Oobit’s own systems were not compromised. Oobit is currently cooperating with StablR and investigators on further actions. Previously, StablR suffered a hack resulting in approximately $2.8 million in losses, causing both EURR and USDR to depeg.
Oobit Freezes EURR Funds Amid StablR Security Incident
TechFlowShare
Summary
Oobit froze EURR funds after detecting suspicious activity tied to the StablR exploit. The wallet provider confirmed that six-figure amounts of EURR were locked, with no user funds at risk. Following a $13.5 million attack, StablR’s EURR and USDR tokens depegged. Oobit also shut down the exit channel to prevent further losses. The incident is featured in the latest daily market report, with the Fear & Greed Index reflecting increased caution among traders.
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