Loopring’s X account remained compromised at press time, with the exploiters publishing multiple malicious links promoting a fake LRC airdrop.
The X page of Ethereum layer-2 network Loopring was compromised on Nov. 20, allowing phishing scammers to publish at least 10 tweets containing harmful links to an illegitimate airdrop for LRC, the project’s native token.
According to blockchain security firm CertiK, the links redirected users to a known wallet drainer connected to other phishing campaigns. The exploit lasted all day and the Loopring team was yet to regain control of their account as of press time.
It’s unknown if LRC users or would-be airdrop claimants have suffered any losses. Loopring had over $98 million in total value locked when the project’s X account was hijacked, DefiLlama data showed.