Loopring has issued an alert about a security breach that targeted some of its smart wallets.

The attack exploited wallets with only one Guardian, the Loopring Official Guardian, and allowed the hacker to impersonate the wallet owner and withdraw assets.

Loopring has suspended Guardian-related and 2FA-related operations to protect users. The company is working with security experts to investigate the 2FA service breach and collaborating with law enforcement to track down the perpetrator.

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