Monitored by Woofun AI, two smart contracts associated with European stablecoin issuer StablR are suspected of being compromised in a security incident that may have resulted in losses exceeding $3 million. The affected assets include the EURR and USDR stablecoins.

Investigation reveals that the attacker utilized the CCTP platform on the Noble network to source funds for the operation. Seven distinct wallet addresses have been identified as being directly involved in this security breach.