#bitcoin #binance #TopCoinsJune2024
**Notification:**
Loopring announced that its smart wallets were compromised by an attack on several Guardian wallets. This attack specifically targeted Loopring's official Guardian wallet, taking advantage of a security vulnerability in the two-factor authentication (2FA) process.
**Attack Details:**
- **Target:** The attack focuses on the wallets of just one Guardian, specifically the official Loopring Guardian wallet.
- **Method of Attack:** Hackers pretended to be the wallet owner to reset ownership and withdraw assets. This attack destroyed the roadprint protocol's 2FA service, allowing hackers to receive official recovery approval from Guardian.
- **Action:** The attacker has initiated the recovery process and transferred assets from the affected wallets.
**Remedies:**
- **Service Suspension:** Loopring has temporarily suspended Guardian and 2FA related activities to protect users.
- **Collaboration with Experts:** Loopring is actively working with security experts from Mist to determine how and why the 2FA service was compromised.
**Current Situation:**
- **Stop the Attack:** After suspending the related services, the attack was stopped.
- **Remediation Progress:** Loopring is in the process of remediation and will provide further details when available.
### Conclude:
The Loopring smart wallet breach is a reminder of the importance of security in the cryptocurrency sector. Loopring has taken urgent measures to prevent the attack and protect users' assets. Users need to continue to monitor notifications from Loopring to update the latest information on the security situation.