🚨 $5 Million Loss for LOOPRING: 'Guardian' Two-Factor Authentication Compromised! 🔐💸

In a shocking turn of events, LRC, a zkEVM protocol on #Ethereum , faced a security breach due to a hack in its 'Guardian' two-factor authentication service. The breach resulted in a loss of approximately $5 million from the affected wallets.

The attack exploited vulnerabilities in #LRC security system, specifically targeting the 'Guardian' feature designed to enhance the security of user wallets. The hacker bypassed the two-factor authentication process, gaining unauthorized access to the wallets and transferring funds out.

$LRC has since halted all Guardian and 2FA features to prevent further attacks and is actively working with security experts and law enforcement to investigate the incident and identify the perpetrator. They have also asked the community for any information related to the hack.

This incident highlights the importance of robust security measures in the #cryptocurrency space and the need for constant vigilance against potential threats. Loopring's breach serves as a reminder for users to remain cautious and take necessary precautions to protect their digital assets.