LRC falls to 4-month low as Loopring’s ‘most secured wallets’ hit with $5 million breach

Oluwapelumi Adejumo

Loopring, an Ethereum ZK-Rollup protocol, reported on June 9 that some of its smart wallets were exploited for an undisclosed sum. Following the news, Loopring’s LRC token dropped by approximately 4%, hitting a four-month low of $0.21, according to CryptoSlate’s data. $5 million lost Blockchain security firm Cyvers Alert reported that the breach led to […]

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LRC falls to 4-month low as Loopring’s ‘most secured wallets’ hit with $5 million breach