LO0P has dropped over 70% within 6 hours, with its market capitalization currently at 1.08 million dollars.

According to Foresight News, GMGN market data shows that the project LO0P, based on Uniswap V4 Hook, has dropped more than 70% within 6 hours, with its current market capitalization reported at 1.08 million USD.

Previously, the official team stated that earlier this morning, an attacker exploited a vulnerability in the contract due to the absence of a per-block liquidation restriction, gaining approximately 3.4 ETH through cross-pool arbitrage. To address this issue, the team is deploying an updated contract containing the necessary fixes and will relaunch the protocol.