Here we go again. Custodial stablecoins EURR and USDR were hacked by company-s multisig wallet being compromised [https://www.coindesk.com/markets/2026/05/26/stablr-freezes-usdr-and-eurr-after-attacker-mints-usd13-5-million-in-unbacked-tokens]. It was a 1-of-3 multisig, i.e. worse than just an admin key.

In response to this hack of a MiCa-compliant (!) stablecoin the team did a very EU-compliant thing: froze money of everyone everywhere. So, if you had USDR deposits say on Curve or Morpho - you cannot withdraw.

What does that mean? Most likely this: if you see custodial finance (e.g. not decentralized but if someone holds your money) - you should be very cautious. Compliance apparently may mean that risks are higher than in decentralzied finance, not lower.