The Block - Loopring, a crypto platform promoting secure wallets, got hacked through a two-factor authentication flaw, leading to a $5 million loss

https://www.theblock.co/post/299177/loopring-suffers-5-million-hack-after-guardian-two-factor-authentication-service-is-compromised

Loopring, a cryptocurrency platform known for its security features, suffered a hack targeting its two-factor authentication system.

The attacker exploited a flaw in the "Guardian" service, allowing them to steal around $5 million worth of tokens from users who relied on a single guardian for recovery.

Loopring has since disabled the compromised service and is working to identify the culprit.

Beware of two-factor authentication hacks!!