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Loopring: Working with SlowMist and other organizations and security experts to investigate wallet attacks

Bitget2024/06/10 01:17

PANews reported on June 10 that Loopring said on the X platform that it is working with SlowMist and some other security experts and institutions to continue investigating the wallet attack. Once there is more information to share, the community will be updated here. Security and user protection remain the team's top priority.

Earlier news, Loopring Smart Wallet was hacked. The attack specifically targeted wallets with only one Guardian, especially those using Loopring's official Guardian. The hacker initiated the recovery process, impersonating the wallet owner to reset ownership and withdraw assets. The attack successfully compromised the Loopring protocol's 2FA service, allowing the hacker to impersonate the wallet owner and obtain recovery approval from the official guardian. The attacker then transferred the assets out of the affected wallet. The team has temporarily stopped Guardian-related and 2FA-related operations. After this move, the attack has stopped. The Loopring protocol is working with law enforcement and professional security teams to track down the attacker.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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