TechFlow reports that on May 26, Oobit—a mobile wallet backed by Tether—issued a clarification on X, stating that after “on-chain detective” ZachXBT disclosed a vulnerability exploit targeting two stablecoin issuer StablR’s smart contracts (EURR and USDR), resulting in approximately $13.5 million in losses, the attacker attempted to withdraw the stolen funds via Oobit. However, Oobit’s compliance team identified the suspicious activity and successfully froze a six-figure amount of EURR, while also shutting down the withdrawal channel. No user funds were affected, and Oobit’s own systems were not compromised. Oobit is currently cooperating with StablR and investigators to advance follow-up actions.
Earlier reports indicated that StablR suffered a hack resulting in roughly $2.8 million in losses, causing both EURR and USDR to de-peg.
