JUST IN: Oobit compliance team freezes 6 figures in EURR and shuts down off-ramp in under 2 hours after detecting $13.5m StablR exploit funds attempt. No user funds touched https://t.co/AycpsCfQ3l
JUST IN: Oobit compliance team freezes 6 figures in EURR and shuts down off-ramp in under 2 hours after detecting $13.5m StablR exploit funds attempt. No user funds touched https://t.co/AycpsCfQ3l
Wu said he learned that payment platform Oobit posted that ZachXBT previously discovered that the two StablR Euro smart contracts (EURR and USDR) were subject to an attack of about $13.5 million, with the related funds subsequently sent to Oobit in an attempt to withdraw via its platform. Oobit officials stated that their compliance team detected and blocked the attempt within two hours, successfully freezing EURR tokens worth six figures and shutting down the related withdrawal channel. They are now working with the StablR team and relevant investigative agencies to handle subsequent matters.
https://t.co/SQEQLyW6EV
Yesterday, @zachxbt discovered a $13.5M exploit across 2 of @StablREuro smart contracts (EURR & USDR).
Funds linked to the exploit were sent to Oobit hoping to use us as their exit.
Big mistake! 🛑
Our compliance team detected the attempt, froze 6 figures in EURR, and shut down the off-ramp in less than 2 hours.
👉No user funds touched.
👉No breach.
👉No hesitation.
Oobit remains completely secure and is closely working with @StablREuro and investigators on the next steps.
Credit to @zachxbt for the early flag.
Updates to follow.