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Relayer broadcasting cross chain rewards for the modern web3 wallet, optimizes on-chain performance marketing through targeted wallet reward experiences.
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Loopring DEX Announces Suspension of All Trading Services
According to official sources, Loopring DEX has ceased all trading services, and its relayer has been taken offline. The team stated the closure was due to a lack of substantial adoption, the absence of a virtual machine, the delisting of LRC by major exchanges in 2026, and its technology being surpassed by modern zkEVMs. The team will directly distribute all assets to users, requiring no on-chain operations or payment of gas fees.In the coming days, the team will publish on X platform the final balance list for Loopring L2, including spot balances and liquidity pool positions automatically converted into tokens. This list will be displayed for two weeks for verification. After the review period, assets will be sent in batches directly to users' L1 wallet addresses. This distribution is limited to accounts with a final total balance value of $10 or more, and the entire distribution process is expected to be completed within a few weeks after initiation.
Loopring DEX Announces Immediate Shutdown and Will Directly Return Users’ Assets
According to Loopring’s official announcement, Loopring DEX—the first zkRollup protocol on Ethereum—has announced the immediate cessation of all trading services, and its relayer has been taken offline simultaneously. The team cited several reasons for the shutdown: (1) its early architecture lacked virtual machine support, constraining ecosystem growth; (2) insufficient commercial operational capabilities within the team; (3) external pressure—including the delisting of LRC from multiple major exchanges in 2026; and (4) the fact that modern zkEVM solutions have comprehensively surpassed Loopring’s original technical architecture. Regarding user asset distribution, Loopring will adopt a centralized approach to directly batch-send assets to users’ Layer-1 wallet addresses. Users need not perform any on-chain actions or pay gas fees—all transaction costs will be borne by the team. The specific process is as follows: publish the final balance list → upgrade the smart contract → a two-week public review and audit period → batch distribution.
ZetaChain Exploited, Vulnerability May Originate from Flaw in GatewayZEVM Call Function
SlowMist stated ZetaChain has been exploited. Preliminary analysis indicates the root cause of the vulnerability lies in the lack of access control and input validation in the call function of the GatewayZEVM contract. This allowed attackers to initiate malicious cross-chain calls and, via the relayer mechanism, execute arbitrary operations on the target chain to transfer funds.SlowMist noted that the attacker forged cross-chain events to trigger the relayer into executing malicious calls, thereby stealing funds. The relevant attack transactions have been disclosed.