Industry News & Insights

Introducing The Lossless Cyber Cell Initiative

Introducing The Lossless Cyber Cell Initiative

In the ever-evolving landscape of digital security, Lossless is proud to announce a first-of-its-kind initiative, aimed at bolstering the community’s defenses against cyber threats: the Lossless Cyber Cell. This initiative is a commitment to the well-being of our community and underscores the critical importance of keeping everyone informed and vigilant in the dynamic Web3 environment. […]

Script Network relaunches with Lossless Protocol

Script Network relaunches with Lossless Protocol

Lossless Protocol is excited to announce our partnership with Script Network in their token relaunch. This partnership emerges in the wake of a sophisticated attack on Script Network, which highlighted the need for reinforced security measures. Background of the Attack On December 28th, 2023, Script Network was targeted by a state-level cyber attack, compromising one […]

Lossless Protocol Recovers 24 Million $RING Tokens Locked in the Multichain Bridge Exploit

Lossless Protocol Recovers 24 Million $RING Tokens Locked in the Multichain Bridge Exploit

Following our recent success in recovering 119,000 PYR tokens for Vulcan Forged, we are proud to announce another significant achievement: the recovery of approximately 25% of the total RING tokens in circulation from the Multichain bridge exploit. This operation was initiated in response to the devastating Multichain bridge hack, which led to over $130 million […]

2023 in Review: Biggest Lossless News of the Year

2023 in Review: Biggest Lossless News of the Year

What a year… 2023 has been nothing short of extraordinary for Lossless and our community of Web3 security enthusiasts. Despite adverse market conditions, we have managed to make great strides in product development, community building, business reach, and ecosystem expansion. Since the launch of AegisV2 we have managed to more than double our user base. […]

November Development Update

November Development Update

As we step into November, our team at Lossless is excited to share a series of significant advancements and features, with the Aegis dApp taking center stage. The Aegis dApp, a standout addition, is redefining how we monitor wallet activities, offering users a more intuitive and effective way to stay informed about their blockchain transactions. […]

Lossless Protocol Recovers $800,000 Stolen from Vulcan Forged Users

Lossless Protocol Recovers $800,000 Stolen from Vulcan Forged Users

Lossless fail-safe mechanism has been put to use in retrieving 119,000 PYR tokens from Vulcan Forged users with previously exposed private keys. Vulcan Forged products remain unaffected. Another Web3 crisis was averted after Lossless, a Web3 security protocol, had frozen and retrieved the funds drained from several members of the Vulcan Forged community. Attackers appear […]

This website stores cookies on your computer to provide you a better experience. See our Privacy Policy for more information.