Industry News & Insights
Backtesting Web3 Exploits: Could Aegis Prevent Attacks Against Revest Finance and Audius?
Illicit transactions in crypto are on the rise. The latest 2023 Crypto Crime report estimates that addresses associated with illicit activity received tokens worth a staggering $20.6bn last year, an all-time high. To combat the rise in crypto crime, Lossless developers have backtested the Aegis threat monitoring system against some of the most sophisticated Web3 […]
Backtesting Web3 Exploits: Could the Team Finance and ASKACR hacks be prevented?
On the flip side of promising innovations in finance, the DeFi space is notorious for facilitating digital theft of enormous proportions. The De.Fi REKT database, which tracks the financial impact of scams and exploits, estimates nearly $77bn in cumulative losses to date. With a recovery rate of less than 9%, much of that financial impact […]
Web3 Security: Why Regulators Need Blockchain Analytics
As those involved in the ongoing SEC case against Ripple can attest: Web3 regulation is tricky business. Should digital tokens be considered securities? Should the regulators draw a distinction between whether tokens are purchased by institutional or retail investors? Confusion reigns. Yet, while everyone is busy interpreting the US securities laws, few consider the implications […]
Web3 Security: Managing Threats Post-Deployment
To understand the prevailing attitude to post-deployment security in Web3, look no further than the phrase: If it ain’t broke, don’t fix it. Competitive market pressures continue to push project teams to prioritize innovation over security. Many believe that a single smart contract audit before the initial launch will ensure product security throughout its lifecycle. […]
How We Spotted A Lens Protocol Scam
The Web3 space has recently been hit by a new wave of sophisticated impersonation scams. Unsuspecting users are being duped by counterfeit token rewards that blockchain explorers attribute to legitimate projects. Scammers are creating new wallet addresses with a fraudulent chain of transactions that resemble authentic ones in the hopes that users mistake them for […]
June Development Update
Welcome to the June development updates! We are constantly working on enhancing Aegis to provide the best security solution for both retail and teams. This month, we have focused on further improving reliability and consistency in information gathering and making several changes to enhance readability. Additionally, we are thrilled to share that our team member, […]