PANews June 9th news, Ethereum Layer 2 protocol Loopring posted on X, stating that the Loopring smart wallet has been hacked. A few hours ago, some Loopring smart wallets encountered security vulnerabilities. This attack specifically targeted wallets with only one Guardian, especially those using the official Loopring Guardian. The hacker initiated a recovery process, pretending to be the wallet owner to reset ownership and withdraw assets. This attack successfully disrupted the 2FA service of the Loopring protocol, allowing the hacker to impersonate the wallet owner and obtain approval from the official guardian for recovery. Subsequently, the attacker transferred the assets out of the affected wallets. We are actively working with Mist security experts to determine how our 2FA service was compromised. To protect users, operations related to Guardian and 2FA have been temporarily suspended. After this action, the attack has stopped. The Loopring protocol is working with law enforcement agencies and professional security teams to track down the attackers. Once the investigation progresses, we will continue to provide updates.