Temporary Suspension of StablR EURR and USDR Deposits, Withdrawals and Trading

Bitfinex has temporarily suspended deposits, withdrawals and trading of the StablR Stablecoins EURR and USDR due to a security incident with the StablR protocol that led to the minting of unbacked tokens. For more information on the incident, please see StablR’s official announcements on X and the StabIR Team’s Recovery Plan.

Customers can cancel any active orders at any time. 

Bitfinex is closely monitoring the situation and will provide further updates on this in a follow-up announcement.

Important Note:

This announcement is not an offer to sell or a solicitation of an offer to buy EURR, USDR or any other cryptocurrency. Any purchase or sale of any cryptocurrency on Bitfinex will occur solely pursuant to the Terms of Use for Bitfinex at https://www.bitfinex.com/legal/exchange/terms .

Forward-Looking Statements:

Certain statements in this announcement may be forward-looking in nature. The words “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “will”, “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements. None of Bitfinex nor any other person is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.