← Loopringreviewed 2026-10-17 · 24 claims checked
Fact-check findings
What an automated fact-checker found when it re-read Loopring against the sources the page cites. Only the most recent review is shown.
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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
disputed 4unverifiable 1stale 1link rot 2partially supported 2confirmed 147 corrections pending · 0 applied
disputed
4 claimsThe reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.
- #5[disputed][awaiting moderator]in section: Exchange Delistings and Regulatory Scrutiny
“On April 1, 2026, Binance removed LRC from all spot trading markets, after placing LRC under a Monitoring Tag on March 7, 2026.”
reviewerBinance placed LRC under a Monitoring Tag on March 7, 2026Two independent sources, including one quoting Binance's own announcement, give March 6, 2026 rather than March 7. The one-day discrepancy recurs in the timeline entry for the same event.Proposed correction (not yet applied)On April 1, 2026, Binance removed LRC from all spot trading markets, after placing LRC under a Monitoring Tag on March 6, 2026. - #6[disputed][awaiting moderator]in the timeline
“2026-03-07”
reviewerBinance placed LRC under a Monitoring Tag on March 7, 2026 (timeline entry)Same underlying date error as the Exchange Delistings section; both should be corrected together.Proposed correction (not yet applied)2026-03-06 - #7[disputed][awaiting moderator]in section: Token Price Decline and Market Position
“LRC reached an all-time high of approximately $3.83 during the 2021 bull market, in part driven by speculation linked to GameStop NFT marketplace integration discussions.”
reviewerLRC reached an all-time high of approximately $3.83 during the 2021 bull market, driven partly by GameStop NFT marketplace speculationThe Nov 10, 2021 date is correct and corroborated, but the $3.83 figure is not matched by any current price-tracking source consulted (which cluster around $3.75-$3.77, including the page's own cited CoinGecko source). The GameStop-rumor framing is well supported by contemporaneous reporting.Proposed correction (not yet applied)LRC reached an all-time high of approximately $3.75 during the 2021 bull market, in part driven by speculation linked to GameStop NFT marketplace integration discussions. - #8[disputed][awaiting moderator]in the timeline
“LRC reaches all-time high of approximately $3.83 amid bull market speculation.”
reviewerLRC all-time high timeline entry: approximately $3.83Same underlying figure error as the Token Price Decline section.Proposed correction (not yet applied)LRC reaches all-time high of approximately $3.75 amid bull market speculation.
unverifiable
1 claimNo source the reviewer could reach confirms or contradicts the claim.
- #9[unverifiable][awaiting moderator]in section: Token Price Decline and Market Position
“Trading volume surged 252% at the time of the Binance delisting announcement as holders exited positions.”
reviewerTrading volume surged 252% at the time of the Binance delisting announcementNone of the three sources cited for this section contain this statistic, and no independent corroboration was found via search. Could not confirm or contradict with a credible source either way.
stale
1 claimThe claim was accurate when written but events since have overtaken it.
- #10[stale][awaiting moderator]in section: Product Shutdowns and Leadership Changes
“Following Guo's departure, Loopring announced a strategic pivot toward building Layer-3 DEX infrastructure atop established Layer-2 networks such as Arbitrum and Base.”
reviewerFollowing Guo's departure, Loopring announced a strategic pivot toward Layer-3 DEX infrastructure atop Arbitrum and BaseThe pivot announcement itself happened as described, but subsequent reporting (June 2026) shows Loopring abandoned consumer DEX operations entirely rather than executing the pivot, which the page does not reflect.Proposed correction (not yet applied)Following Guo's departure, Loopring announced a strategic pivot toward building Layer-3 DEX infrastructure atop established Layer-2 networks such as Arbitrum and Base; by June 2026, however, Loopring abandoned this plan and shut down its DEX and AMM entirely, citing weak adoption and competition from newer zkEVM rollups, with total value locked having fallen roughly 99% from its 2021 peak.
link rot
2 claimsA cited source no longer resolves or no longer says what the page attributes to it.
- #11[link rot][awaiting moderator]in section: Exchange Delistings and Regulatory Scrutiny
“https://www.mexc.com/news/703876”
reviewermexc.com article cited as a source for the exchange-delisting sectionCould not find the article's content via search either, so no safe like-for-like replacement is proposed; recommend removal since the section is otherwise well supported by five other working sources. - #12[link rot][awaiting moderator]in the cited sources
“https://www.mexc.com/news/703876”
reviewermexc.com article listed in sources_usedSame underlying dead link as the section-level citation; grouped under the same defect.
partially supported
2 claimsThe cited evidence supports part of the claim but not all of it.
- #2[partially supported][awaiting moderator]in section: June 2024 Smart Wallet Exploit
“Loopring engaged blockchain security firm SlowMist, suspended all Guardian and 2FA operations, reported the incident to Singapore police, and notified exchanges including Binance to assist in tracing funds.”
reviewerLoopring reported the June 2024 incident to Singapore police as part of its responseThe report was filed, so the sentence is not false, but it omits that Singapore police declined to accept/process it, which is a materially relevant detail about law-enforcement follow-through. - #19[partially supported][awaiting moderator]in section: Product Shutdowns and Leadership Changes
“Loopring also announced the closure of its DeFi services — including Dual Investment, Portal, Block Trade, and ETH Staking — effective July 31, 2025, citing a reallocation of resources toward foundational Layer-2 and Layer-3 infrastructure development.”
reviewerLoopring shut down DeFi services (Dual Investment, Portal, Block Trade, ETH Staking) effective July 31, 2025Date and three of the four named products are corroborated by secondary sources; ETH Staking's inclusion could not be independently confirmed (the primary Medium source could not be directly fetched), though there is no reason to doubt it.
confirmed
14 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in section: June 2024 Smart Wallet Exploit
“On-chain data identified the primary attacker consolidation address as 0x44f887cfbd667cb2042dd55ab1d8951c94bb0102, which accumulated approximately $5 million in stolen assets, which were subsequently swapped to ETH (approximately 1,373 ETH at the time of reporting).”
reviewerThe June 9, 2024 attack drained ~$5M from 58 Loopring Smart Wallet addresses, consolidated at address 0x44f887cfbd667cb2042dd55ab1d8951c94bb0102 and swapped to ~1,373 ETHFigures are corroborated across the postmortem and multiple independent crypto-news outlets. - #3[confirmed][no action needed]in section: Security Infrastructure Failure and Centralization Risk
“Security firm Halborn characterized the root cause as an authentication flaw in the centralized recovery service rather than a flaw in the underlying smart contract code.”
reviewerHalborn characterized the hack's root cause as an authentication flaw in the centralized recovery service, not a smart-contract flawDirectly matches the cited source's framing. - #4[confirmed][no action needed]in section: Security Infrastructure Failure and Centralization Risk
“The postmortem disclosed that Loopring's AWS servers had been compromised prior to June 9, 2024, and malware had been silently planted. After an initial breach was discovered and partially remediated, the team did not conduct a thorough forensic review of the full backend environment, which allowed persistent malware to remain active and facilitate the larger June 9 attack.”
reviewerLoopring's AWS servers were compromised and malware planted prior to the June 9, 2024 incident, following an earlier, less-severe breachConfirmed via the postmortem text (accessed through a reader proxy after direct fetch was blocked). - #13[confirmed][no action needed]in section: ICO History and Early Regulatory Disruption
“Loopring conducted an initial coin offering in August 2017, raising approximately 120,000 ETH (valued at roughly $45 million at the time).”
reviewerLoopring's 2017 ICO raised approximately 120,000 ETH (~$45 million)Figures are corroborated by multiple secondary sources, though Wang's own recollection of the refunded amount suggests some rounding/variance in the exact ETH totals reported across sources. - #14[confirmed][no action needed]in section: ICO History and Early Regulatory Disruption
“On September 4, 2017, the People's Bank of China banned ICOs, requiring all funds raised to be refunded to investors.”
reviewerPBOC banned ICOs on September 4, 2017, requiring refundsWell corroborated by contemporaneous reporting. - #15[confirmed][no action needed]in section: Exchange Delistings and Regulatory Scrutiny
“In late January 2026, South Korean exchanges Upbit, Bithumb, and Korbit placed LRC on their delisting watchlists.”
reviewerUpbit, Bithumb, and Korbit placed LRC on delisting watchlists in late January 2026Directly confirmed by the cited source. - #16[confirmed][no action needed]in section: Exchange Delistings and Regulatory Scrutiny
“On March 16, 2026, Upbit and Bithumb completed the delisting of LRC, citing deficiencies in project disclosures, a lack of demonstrable business sustainability, and insufficient progress in resolving those deficiencies despite the watchlist warning period.”
reviewerUpbit and Bithumb completed delisting of LRC on March 16, 2026, citing disclosure/sustainability deficienciesDate and stated rationale corroborated across multiple outlets. - #17[confirmed][no action needed]in section: Exchange Delistings and Regulatory Scrutiny
“The Binance delisting also encompassed seven other altcoins.”
reviewerBinance's April 1, 2026 delisting also encompassed seven other altcoins (eight total)Confirmed exactly. - #18[confirmed][no action needed]in section: Product Shutdowns and Leadership Changes
“The Loopring Smart Wallet mobile application ceased operations on June 30, 2025.”
reviewerLoopring Smart Wallet mobile application ceased operations on June 30, 2025Directly confirmed. - #20[confirmed][no action needed]in section: Product Shutdowns and Leadership Changes
“In August 2025, CEO Steve Guo resigned after approximately three years in the role, citing personal reasons.”
reviewerCEO Steve Guo resigned in August 2025 after approximately three years, citing personal reasonsConfirmed; 'personal reasons' matches the family-related rationale given in Guo's own announcement, and Guo had succeeded Wang as CEO in February 2022 (~3.5 years prior). - #21[confirmed][no action needed]in section: Protocol Overview
“Daniel Wang, the original founder and CEO, left the CEO role in early 2022 to join Taiko Labs, and Steve Guo assumed the CEO role until his resignation in August 2025.”
reviewerDaniel Wang left the CEO role in early 2022 to join/co-found Taiko Labs; Steve Guo assumed CEOTiming and roles corroborated by a tier-1 contemporaneous source (CoinDesk) and secondary profiles of Wang's move to Taiko. - #22[confirmed][no action needed]in section: Social Engineering and Impersonation Risks
“Ripple CTO David Schwartz publicly warned the XRP community about a fraudulent account impersonating @loopringorg on X (formerly Twitter) that falsely claimed a security breach and solicited compensation claims from users.”
reviewerRipple CTO David Schwartz publicly warned about a fraudulent @loopringorg impersonation account claiming a breach and soliciting compensation claimsConfirmed by independent reporting beyond the cited source; Schwartz held the CTO title at the time of this June 2024 episode (he has since become Ripple's CTO Emeritus), consistent with the page's past-tense framing. - #23[confirmed][no action needed]in section: Social Engineering and Impersonation Risks
“Additionally, Loopring's official X account was itself compromised by phishing attackers who used it to promote fraudulent airdrop announcements targeting Loopring users.”
reviewerLoopring's official X account was compromised by phishing attackers promoting fraudulent airdrop announcementsDirect fetch of the cited beincrypto.com URL returned HTTP 403 (likely bot-blocking rather than a dead page), but the claim is independently corroborated by crypto.news and a Spanish-language BeInCrypto report on the same incident. - #24[confirmed][no action needed]in section: Protocol Overview
“At its peak, Loopring supported over 40,000 deployed smart wallets.”
reviewerAt its peak, Loopring supported over 40,000 deployed smart walletsMatches the figure given directly in Loopring's own postmortem.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.