Users Seek Help | Loopring Wallet Issues with GME Guardian
Edited By
Olivia Johnson
A growing number of people struggle with accessing their Loopring Wallet due to a now-defunct GameStop (GME) Wallet acting as a guardian. While one guardian, Coinbase, is still operational, the absence of the other complicates their ability to move funds. As of June 28, 2025, many are sharing experiences and seeking solutions.
Background and Context
Many individuals who had set up the GME Wallet as a guardian are now facing issues transferring their LRC funds. The shutdown of GME Wallet has introduced confusion over access and approval processes. One wallet holder remarked, "I totally forgot I had set up the GME Wallet … when it shut down, I didn't bother migrating."
Guardian Approval Challenges
The challenge for those affected is the need for approval from both guardians.
Coinbase: Users report smooth access, allowing for initial approval.
GME Wallet: However, with the GME Wallet no longer functioning, accessing it for guardian approval is a significant roadblock.
One user detailed their process: "I had to go to 'Approve Requests' … both my Guardians are showing ‘approved.’" Despite this progress, issues remained at the next step, as users faced errors trying to recover their wallets.
Community Responses
The forum conversation surrounding this issue has uncovered various approaches:
Using Seed Phrases: "You can enter the GME Wallet seed phrases you found into MetaMask," suggested a participant, indicating a potential workaround.
Support Systems: Another user expressed frustration about delays: "Support wasn’t sure what was causing the error… I’m just going to wait it out."
Efforts to Recover: Many shared the sentiment of searching for their GME Wallet seed phrases, weighing if it's worth the trouble after three years.
Key Takeaways
🔑 Overwhelming confusion persists due to GME Wallet shutdown.
🚧 Coinbase remains a reliable guardian but cannot solve all issues alone.
✔️ Inputting GME seed phrases into MetaMask may offer a solution.
Experts in the field speculate on the possible solutions while many remain stuck. Could there still be hope for those who are awaiting further updates from Loopring support? The answer remains unclear as the community waits for replies from technical support and better guidance on next steps.
Future Paths for Wallet Users
There's a strong chance that Loopring may ultimately enhance its support and offer clearer solutions for those affected by the GME Wallet shutdown. With Coinbase remaining functional, the company could provide additional resources or guidance to help users transition their funds. Experts estimate around a 60% likelihood that Loopring will implement a tool or update that simplifies the approval process, as community pressures mount for resolution. As these discussions unfold on various forums, the trajectory for wallet holders remains cautious yet hopeful, depending heavily on prompt responses from Loopring's support team.
Lessons from the Digital Shift
This situation echoes the early days of cloud computing when many businesses faced similar access challenges after moving to new platforms. Just as companies scrambled to recover vital data from outdated servers, crypto enthusiasts now find themselves at a crossroads with their funds. The confusion and frustration mirror that of users trying to adapt to rapidly evolving technologies, only to find themselves hamstrung by unforeseen complications. Much like the digital transition stories from a decade ago, the current Loopring experience underscores a crucial truth—progress can often stumble when guardians of the past vanish without a trace.