Ethereum Layer 2 protocol Loopring posted on social media that it is continuing to investigate the security vulnerability attack on its smart wallet in collaboration with SlowMist and other security experts and relevant institutions. Once more information is available, Loopring will update the community. Security and user protection remain Loopring's top priority.

As previously reported by Golden Finance, Loopring stated that some of its smart wallets were attacked by vulnerabilities and it is working with law enforcement and security teams to track down the attackers.