Oobit, a mobile wallet supported by Tether, has frozen $100,000 worth of EURR funds following a $13.5 million exploit on StablR's smart contracts. The breach, revealed by blockchain investigator ZachXBT, targeted EURR and USDR contracts. Oobit's compliance team detected the suspicious activity and promptly halted withdrawal channels to prevent further losses. The company assured users that their funds remain secure and that its systems were not compromised. Oobit is collaborating with StablR and investigators to address the situation. The hack previously led to a $2.8 million loss for StablR, causing both EURR and USDR to lose their pegs.
Oobit Freezes $100,000 EURR Following StablR Hack
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.