PANews, May 24: "Chain detective" ZachXBT disclosed on his personal channel that two contracts associated with European stablecoin issuer StablR appear to have been compromised, with potential losses exceeding $3 million (EURR and USDR). The attacker's funds originated via the CCTP platform on Noble. Additionally, ZachXBT has published seven attacker addresses currently linked to this security incident.
ZachXBT Reveals Potential $3M Loss in StablR Stablecoin Contract Attack
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Summary
On-chain news reveals that ZachXBT has identified a potential $3 million loss linked to StablR’s EURR and USDR stablecoins. The attack involved two contracts, with funds traced to the CCTP platform on Noble. Seven attacker addresses were disclosed by the analyst. Crypto news underscores the ongoing risks in stablecoin protocols as the incident unfolds.
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