PANews June 9 news, Ethereum Layer 2 protocol Loopring posted on X that Loopring smart wallets were hacked. A few hours ago, some Loopring smart wallets suffered security vulnerabilities. The attack specifically targeted wallets with only one Guardian, especially those using Loopring's official Guardian. The hacker initiated a recovery process, impersonating the wallet owner to reset ownership and withdraw assets. The attack successfully compromised the Loopring protocol's 2FA service, enabling hackers to impersonate wallet owners and obtain recovery approval from official guardians. The attacker then transferred assets out of the affected wallets. We are actively working with Mist security experts to determine how our 2FA service was compromised. Guardian-related and 2FA-related operations have been temporarily suspended to protect users. After this move, the attack has stopped. The Loopring protocol is working with law enforcement and professional security teams to track down the attacker. We will continue to provide updates as the investigation progresses.
