Loopring: is working with security experts and organizations such as SlowMist to investigate the attack incident

ChainCatcher message, Loopring has released an update on the X platform regarding the previous security incident: "We are working with SlowMist and several other security experts and relevant institutions to continue investigating the attack on the smart wallets. Loopring will soon provide more information to the community. Security and user protection remain Loopring's top priority."

Yesterday's news reported that some Loopring smart wallets were attacked due to a security vulnerability. This attack exploited a wallet with only one guardian, specifically the official Loopring guardian. The hacker initiated the recovery process, impersonating the wallet owner to reset ownership and extract assets.

The attack successfully compromised Loopring's 2FA service, allowing the hacker to impersonate the wallet owner and obtain recovery approval from the official guardian. Subsequently, the attacker transferred assets out of the affected wallet.

Loopring stated that it is currently actively collaborating with Mist security experts to determine how its 2FA service was compromised. To protect users, operations related to Guardian and 2FA have been suspended.

Loopring is working with law enforcement and professional security teams to track down the perpetrators.