🚀 Loopring Releases Post-Incident Report And Future Plans
#Loopring #Ethereum #Layer2 #Security #SmartWallets #Crypto #Blockchain #AssetRecovery #MultiNetwork #L3 #LRC #ETH
According to Odaily, Ethereum Layer 2 protocol Loopring has released a post-incident report detailing security events that occurred in April and June. The report clarifies that these were two separate but related incidents, which ultimately led to the loss of funds for some users of Loopring's smart wallets. Loopring emphasized that while end-users are responsible for their own custodial security to avoid centralized single points of failure, the Loopring team remains committed to collaborating with law enforcement and security teams to help users recover lost assets. In response to these incidents, Loopring has shifted its resources and core focus to the development of its multi-network Loopring L3 product.#Loopring #Ethereum #Layer2 #Security #SmartWallets #Crypto #Blockchain #AssetRecovery #MultiNetwork #L3 #LRC #ETH
🚀 Loopring Hacker Transfers Funds Amid Security Breach
#Loopring #Hacker #SecurityBreach #ETH #THORChain #SmartWallets #EthereumLayer2 #CryptoTheft #BlockchainSecurity #LRC #RUNE
According to BlockBeats, on March 6, Bitrace monitoring revealed that a hacker targeting Loopring has begun transferring funds, with 30 ETH already moved to THORChain. Previously, on June 9, 2024, Loopring, an Ethereum Layer 2 protocol, announced on social media that its smart wallets had been attacked. The breach specifically targeted wallets with only one Guardian, particularly those using Loopring's official Guardian. The hacker initiated the recovery process, impersonating wallet owners to reset ownership and extract assets.#Loopring #Hacker #SecurityBreach #ETH #THORChain #SmartWallets #EthereumLayer2 #CryptoTheft #BlockchainSecurity #LRC #RUNE
🚀 Loopring Wallet to Cease Operations by End of June 2025
#LoopringWallet #CeaseOperations #CryptoAssets #SmartContracts #NFTs #WalletClosure #UserAdvisory #LRC
According to Odaily, Loopring has announced that its wallet service, Loopring Wallet, will cease operations by the end of June 2025. After June 30, 2025, users will no longer be able to access the wallet. Although assets remain securely stored within the wallet's smart contracts and can be accessed manually through smart contract interactions, users are strongly advised to transfer their funds and NFTs to another wallet before the closure date to ensure a smooth transition.#LoopringWallet #CeaseOperations #CryptoAssets #SmartContracts #NFTs #WalletClosure #UserAdvisory #LRC