cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

‘Engineers, Not Business Operators’: Why Loopring Is Shutting Down Its DEX

-

by

cryptd.in
in

Loopring, the first project to launch a zero-knowledge rollup on Ethereum, has announced that its decentralized exchange will immediately stop all trading services. The relayer has already been taken offline.

The team said the decision was made with regret after years of trying to keep the platform operating.

Outdated Technology and Poor Adoption

According to the announcement, one of the main reasons behind the closure was the platform’s technical limitations. Loopring 말했다 its early zkRollup design did not include a virtual machine, which limited composability and prevented broader real-world applications, including payment use cases. These restrictions hindered ecosystem growth and made it difficult for the platform to compete with newer technologies.

The team also admitted that it had stronger engineering capabilities than business development skills, while describing itself as “engineers at heart, not business operators.” In addition, the delisting of LRC from major exchanges in 2026 added further pressure to the project.

“We poured countless late nights into building the very first zkRollup on the market. That achievement still fills us with pride. But today, we must face reality and announce, with deep regret, that Loopring DEX will cease all trading services effective immediately.”

Loopring explained that newer zkEVM solutions, which support Ethereum smart contracts and offer broader compatibility, have surpassed its specialized architecture. The team said its technology now feels outdated and that shutting down the service was preferable “rather than running a hollow service.”

The company stated that user funds remain safe and announced a distribution process to return assets. Instead of requiring users to submit Merkle proofs through the original self-custody withdrawal mechanism, Loopring said it will handle the entire process itself and cover all transaction fees. The team acknowledged that this method is more centralized but described it as the simplest option for users.

Loopring also revealed plans to publish a complete list of final account balances over the coming days. This includes spot holdings and liquidity pool positions, which will be converted into underlying tokens. A two-week review period will allow users to verify balances before distributions begin.

Loopring Hack

In June 2024, attackers stole an estimated $5 million from users of the Loopring wallet who relied solely on the platform’s Official Guardian service for account recovery.

The breach was traced to a flaw in the service’s two-factor authentication system, which allowed attackers to impersonate wallet owners and gain access to their accounts.

게시물 ‘Engineers, Not Business Operators’: Why Loopring Is Shutting Down Its DEX 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (451) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (74) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.