Cyvers Alerts: Loopring attackers converted all stolen assets into Ethereum, worth over 5 million dollars

ChainCatcher news reports that, according to Cyvers Alerts monitoring, the attacker of the Ethereum Layer 2 protocol Loopring has transferred assets from the affected users' wallets to the hacker's address. All stolen digital assets have been exchanged for ETH, and the hacker's address currently holds 1,373 ETH, worth over 5 million dollars.

Previous news indicates that some Loopring smart wallets were attacked due to vulnerabilities, and the team is working with law enforcement and security teams to track down the attacker.