Industry News & Insights
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 […]
The Lossless Blueprint: Our Strategic Goals for H1 2024
They say the best way to predict the future is to build it. That has always been the guiding principle in Lossless development: to shape the Web3 security landscape rather than merely anticipate it. Our strategic roadmap for 2024 is equally ambitious. More than ever, we will focus on expanding our business reach, innovating our […]
September + October Development Update
September and October have been a whirlwind of development activity at Lossless. Let us paint you a picture: since September, we’ve rolled out three innovative features and two token utilities, alongside numerous enhancements that further establish Aegis as a leader in web3 security. Here’s what’s new: LSS Boost This marks a significant step forward for […]
Aegis Use Cases: Transfer Threshold Alerts
Every web3 exploit is devastating in its own unique way. The mechanism may differ. Perhaps an improper input validation, an incorrect calculation, or a re-entrancy vulnerability. Yet they all come to a familiar conclusion: large transfers out of the affected protocol. Often, more than one. Aegis transfer threshold alerts have been designed to immediately notify […]
Aegis LSS Boost: New Sustainable Token Utility Model
At Lossless, sustainable growth has always been our guiding principle. This ethos has driven the development of our latest innovation: the LSS Boost feature for our Aegis threat monitoring system. In essence, your $LSS holdings just acquired a new form of utility. Too many individuals and small project teams still lack access to capable Web3 […]
Aegis Use Cases: Alerts for Token Mints
There is a story behind every token generation event. While many mark the advent of fresh funding rounds and exciting new innovations in Web3, some hide infinite mint attacks aimed at market manipulation. Irrespectively, token mints are pivotal blockchain events with enormous potential to shape the supply dynamics and demand to be meticulously tracked by […]