Blast

Guild of Guardians

Loopring

Uniswap

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/loopring-team-announces-hack-and-nft-sales-increase/" data-wpel-link="internal">Loopring Team Announces Hack and NFT Sales Increase</a><br></p>
<p class="p2" style="text-align: justify">Loopring announced on June 9 that it suffered a $5 million security breach in its Guardian two-factor authentication service for its smart wallet application. NFT sales volumes recorded a weekly increase of 18.9%, supported by Bitcoin Ordinals sales. Uniswap founder Hayden Adams made statements regarding <a href="https://en.coin-turk.com/it-happened-twice-this-week-whats-wrong-with-the-ethereum-eth-network/" data-wpel-link="internal">Ethereum</a> Layer-2 blockchain networks. We have compiled the notable developments of the past week for you.</p> 
<h2 class="p2" style="text-align: justify" id="loopring-team-announces-hack">Loopring Team Announces Hack</h2> 
<p class="p2" style="text-align: justify">Ethereum zero knowledge-rollup protocol <strong>Loopring</strong> announced on June 9 that it suffered a $5 million security breach in its Guardian two-factor authentication service for its smart wallet application.</p> 
<p class="p2" style="text-align: justify">In a post dated June 9, Loopring stated that the attacker compromised the project’s 2FA service, allowing them to initiate a recovery process that reset wallet ownership and permitted asset withdrawals. It shared two wallet addresses it claimed were involved in the attack. Etherscan <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> one wallet holding over $5 million in cryptocurrency.</p> 
<p class="p2" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-360768 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/etherscan.png" alt="" width="600" height="387"></p> 
<h2 class="p2" style="text-align: justify" id="nft-sales-increase">NFT Sales Increase</h2> 
<p class="p2" style="text-align: justify">NFT sales volumes recorded a weekly increase of 18.9%, supported by <strong>Bitcoin Ordinals</strong> sales. Seven-day NFT sales volumes reached $147.3 million; Bitcoin-based NFT sales rose by over 57% to approximately $49.7 million. NFTs on the Ethereum network had the second-highest sales volume at around $35.6 million but saw a slight weekly decrease of 2.35%. Polygon, Immutable, and Blast were among the top ten blockchains with double-digit percentage growth in weekly sales volume.</p> 
<p class="p2" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-360767 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/cryptoslma.png" alt="" width="819" height="466"></p> 
<p class="p2" style="text-align: justify">Blast saw a volume increase of over 95%, reaching over $4.6 million, largely thanks to the NFT card game Fantasy Top. This game doubled its volume from $3.85 million the previous week. Other significant moves included Polygon’s Moon Girl NFTs, reminiscent of Milady, which rose by approximately 643% to $5.8 million, and Immutable’s Guild of Guardians game, which increased by 22% to $7 million.</p> 
<h2 class="p2" style="text-align: justify" id="notable-statements-from-a-famous-figure">Notable Statements from a Famous Figure</h2> 
<p class="p2" style="text-align: justify">Uniswap founder <strong>Hayden Adams</strong> stated that Ethereum Layer-2 blockchain networks should not focus on immutability until the Ethereum mainnet is ready:</p> 
<blockquote> 
 <p class="p2" style="text-align: justify">“Ethereum Layer-2 networks should not be immutable. It’s been 10 years, and Layer-1 is not ready to be immutable.”</p> 
</blockquote> 
<p class="p2" style="text-align: justify">He added that it is unreasonable to expect Layer-2 networks to never upgrade or force mass migrations again. The Ethereum Foundation stated that Layer-2 networks have a scalability plan, which led to Jonathan Colon of the NFT marketplace Rarible calling Layer-2 networks a money trap.</p> 
<p class="p2" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-360765" src="https://coin-turk.com/wp-content/uploads/2024/06/hayden.png" alt="" width="500" height="562"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/loopring-team-announces-hack-and-nft-sales-increase/" data-wpel-link="internal">Loopring Team Announces Hack and NFT Sales Increase</a></h5>

Loopring Team Announces Hack and NFT Sales Increase

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