Industry News & Insights
Latest Development Update
As it’s already customary, we provide a summary from our tech team of what has happened on the development front in the recent month. As you’ll see, this past month was a busy one with concrete results. Let’s dig in. Major Aegis updates Minor Aegis updates Wrapped Tokens Development work does not stop on our […]
Lossless Ambassadors Hackathon: Empowering the Crypto Security Community
Crypto Security Education: Safeguarding Digital Assets and Innovations The rapidly evolving blockchain and cryptocurrency landscape has attracted numerous investors and developers, leading to a surge in digital assets and innovative platforms. However, with this expansion comes increased risks related to cyber-attacks, scams, and other vulnerabilities that can result in substantial financial losses and damage to […]
Development Update
Another month has passed which means it’s time for our tech team’s development update! It’s not an overstatement to say that lots of building has taken place. We’ll show you why. Aegis Some minor Aegis updates: Learn everything about Aegis in our detailed guide. Wrapped Tokens As you can see, it was a busy month […]
SafeMoon Exploit: A Critical Bug in Smart Contract Allows Token Manipulation
SafeMoon’s newly implemented smart contract contained a critical vulnerability in the burn function, which had no restraints and could be called by anyone. An exploiter attempted to manipulate the $SFM token price, but their transaction was preempted by a MEV (Miner Extractable Value) bot. The bot’s owner claims they are willing to return the exploited […]
Aegis: The Security Tool Web3 Always Needed
Web3 and DeFi have seen increasing security breaches in recent years. These hacks have resulted in losing billions of dollars worth of cryptocurrency, eroding trust in the technology and hindering its mainstream adoption. Despite this, many companies in the space have been slow to implement adequate security measures, leaving themselves and their users vulnerable to […]
The Euler Finance Exploit
Ethereum-based noncustodial lending protocol Eurler Finance faced a flash loan attack on March 13, with the attacker managing to steal millions in DAI, USDC, staked Ether (StETH) and wrapped Bitcoin (WBTC). The attacker issued multiple transactions, stealing nearly $196 million. The ongoing attack has already become the largest hack of 2023. In this article we’ll […]