Home
/
Community engagement
/
Forums and discussions
/

Petition calls for extended loopring wallet access amid crisis

Petition Gains Momentum | Users Push for Extended Loopring Wallet Access Amid Lockout

By

Hannah Kim

Jun 30, 2025, 09:37 PM

Edited By

Omar El-Sayed

Updated

Jul 1, 2025, 10:47 AM

2 minutes needed to read

People signing a petition to extend access to Loopring wallets, showing concern for their assets during a lockout.
popular

A rising coalition of users is calling for an extension on the 24-hour lockout of their Loopring Wallet, arguing that the brief window for access leaves many vulnerable. Recent comments from forums indicate that the urgency surrounding this issue is escalating, with various accounts of dissatisfaction and losses shared.

Users Share Frustrations

Many individuals are sharing their concerns on user boards. One user remarked, "I thought when first announced they said likely to tie end of the year. Then suddenly it was the end of June," expressing frustration over the timeline imposed.

"Being booted from your own bank is kinda nuts," stated another, underlining the dire need for more time.

Miscommunication and Technical Issues

The discussions reveal critical themes surrounding miscommunication and technical challenges.

  1. Inconsistent Messaging: Users claim that Loopring initially hinted at a longer access period, leaving them confused when the deadline came up suddenly. One user pointed out, "They said it would be easier to do by June 30th, not necessarily that it couldn’t be done after."

  2. Wallet Functionality: Concerns were raised about the wallet itself. Some users believe the wallet will still function post-lockout but may face limitations in support.

  3. Serious Asset Risks: More troubling reports surfaced regarding failed transactions, with one user sharing their experience: "I lost a protocol Gemini NFT… I managed to keep my buck album but I’m pretty sure the protocol Gemini is gone." Such incidents add to the stress surrounding asset security.

Community Response and Resilience

Throughout these discussions, a mix of hope and skepticism emerges among users. Some cling to optimism, stating, "There’s still a little hope," while others feel resigned, declaring, "They don’t care, good luck."

The urgency is palpable as users push for their petition to gain traction, emphasizing the number of individuals in jeopardy of losing access to their funds.

Key Observations

  • πŸ”’ Users report confusion over access timelines, indicating communication failures.

  • ⚠️ Technical hurdles worsen the situation, creating more barriers.

  • 🌊 Community sentiment blends hope with frustration, reflecting deep concern.

As discussions heat up, it remains to be seen whether Loopring will react to this growing pressure. With mounting calls for change, the company could face significant implications if it doesn't address the users' needs in a timely fashion.

What's Next?

The ongoing situation hints at a possible temporary extension, as the community's demand for more access grows. Can Loopring adapt its policies to regain user trust? How they respond in the coming days may shape the platform's credibility.

This series of unfortunate events echoes historical financial struggles, emphasizing the critical lesson of transparent communication and user empathy in times of crisis. As the deadline looms, users find themselves at a significant crossroads, hoping for better communication and more favorable terms.