🚨 Loopring Security Breach: $5M Stolen
Loopring announced a hack on its Guardian 2FA service, resulting in $5 million worth of #tokens stolen. The hacker bypassed Loopring's Official Guardian, allowing unauthorized wallet recoveries. #wallets with multiple or third-party guardians were not affected.
🔒 Loopring has suspended Guardian and 2FA operations and is working with security experts and law enforcement to investigate. Users are advised to appoint multiple guardians for enhanced security.
