Loopring's website brags that it offers 'Ethereum's most secure wallet' but also identifies the very risk factor that reportedly enabled the hack.
Loopring , the zkEVM protocol built on Ethereum with a website that bills its smart wallet application as "Ethereum's most secure wallet," suffered a security breach related to its 'Guardian' two-factor authentication service, the protocol announced on Sunday.
Loopring also shared two wallet addresses the protocol says were involved in the security breach. Blockchain data shows one wallet was able to drain about $5 million worth of tokens from the affected wallets. Loopring also reported that it's working with law enforcement to trace the perpetrator and requested that anyone with additional information about the hack share it with the protocol.
Layer 2S And Scaling Defi-Hack Loopring Social-Recovery Zkevm
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