Loopring Hacked
June 10, 2024
The Ethereum-based ZK-rollup protocol, Loopring, has announced that its Guardian wallet recovery service, which relies on two-factor authentication, was compromised in a hack, resulting in approximately $5 million being withdrawn from wallets protected by the Loopring Guardian service. The company has temporarily suspended the services and is cooperating with law enforcement to track down the perpetrator.
