|All Time High:|
|Market Cap: |
|The price of #LSS today is $0.13 USD.|
The lowest LSS price for this period was $0, the highest was $0.128, and the current live price for one LSS coin is $0.12790.
The all-time high LSS coin price was $3.49.
Use our custom price calculator to see the hypothetical price of LSS with market cap of BTC or other crypto coins.
|The code for Lossless crypto currency is #LSS. |
Lossless is 2 years old.
|The current market capitalization for Lossless is $4,747,732.|
Lossless is ranking upwards to #632 out of all coins, by market cap (and other factors).
|The trading volume is modest today for #LSS.|
Today's 24-hour trading volume across all exchanges for Lossless is $38,127.
|The circulating supply of LSS is 37,121,375 coins, which is 37% of the total coin supply.|
Lossless blog on lossless.io
Starting today, all of our articles can be found on our blog section on our website — lossless.io See you there!
$120M Attack: The Case of BonqDAO
On February 1st, a malicious hacker infiltrated and took advantage of an insecure smart contract on a decentralized platform to steal cryptocurrency. A devastating smart contract exploit has caused a small decentralized autonomous organization (DAO) to suffer a staggering loss of approximately $120 million from its protocol.Bonq protocol was exposed to an oracle hack, where exploiter increased the ALBT price and minted large amounts of BEUR. The BEUR was then swapped for other tokens on Uniswap. Then, the price was decreased to almost zero, which triggered the liquidation of ALBT troves.— BonqDAO (@BonqDAO) February 1, 2023 On Wednesday, BonqDAO alerted its Twitter followers of an oracle breach that enabled the attacker to manipulate the price of AllianceBlock (ALBT) token through their Bonq protocol. PeckShield, a blockchain security company, recently analyzed the Bonq hack and estimated the total loss to be around $120 million. This sum is broken down into 98.65 million BEUR tokens ($108 million) and 113.8 million wrapped-ALBT (wALBT) tokens ($11 million). The majority of the larger transactions were carried out on the Polygon network, and currently, the BonqDAO protocol has temporarily halted all transactions on its platform. BonqDAO explained that the hacker swapped the newly minted BEUR, drastically decreasing its worth. The lender further disclosed how this malicious act accelerated the liquidation of ALBT funds at a...
Newest Team Addition: Artautas, Our Product Owner
Our team has ambitious goals for Web3 security. It also makes us fully aware that with the current resources fulfilling those ambitions would take unreasonable amounts of time. It means only one thing — growth. Let us introduce you to our newest team member Artautas, the Product Owner we were searching for. — What got you into Crypto?. — I was programmed to love all things digital and decentralized, so the world of crypto was an obvious choice for me and my field of work. — What excites you the most about this industry?. — The crypto industry is exciting because of its potential to revolutionize traditional financial systems and provide more equitable access to financial services for people all over the world. The decentralized nature of cryptocurrencies and the use of blockchain technology offer new possibilities for secure and transparent transactions, and the industry is constantly evolving and growing. It’s exciting to see how these advancements are shaping the future of finance, and I’m thrilled to be part of it. — What motivated you to join Lossless?. — Easy — the opportunity to work with a team of cutting-edge professionals who are as passionate about crypto security as I am and the chance to contribute to the growth of a company that is making a real difference in the industry. — What makes you stand out within your field?. — All my experience gathered...
Development Update: What Happened Through January
We couldn’t be more excited. Our tech team is working hard on improving Aegis and presenting you with a new tool. This development update is dedicated to running through what has been achieved through January. Let’s begin. medium.com — Aegis new features. — Crypto payments. That’s right; we introduced a way to pay for the Aegis pricing tiers in cryptocurrencies. The user will receive invoices in his email, and if he picks to pay with crypto, he will be guided to Coingate’s dashboard to make the transaction., Email sending once backtesting is completed. Backtesting allows you to go back in time and check whether your smart contracts were attacked. As we mentioned a few times, backtesting, especially if you pick wide time ranges, can take time to complete. In order to not wait for that finish line, we implemented email alerts to notify you when the process is done., — Aegis bug fixes. — Our team updated email texts and made minor UI improvements to the dashboard. Performance improvements were also completed. All for your convenience when using the product., — Wrapped Tokens. — First, let’s kick off with how the Wrapped Tokens will work: This will change how ERC-20 tokens are protected. Not just the ones that are pre-launch. We’re talking about cryptocurrencies which are already alive and thriving in the market. Here’s what we achieved in this regard: Initial design and...
Understanding Phishing: Common Attack Types and How to Avoid Them
With the tremendous expansion of cryptocurrency over recent years, hackers have been presented with unlimited possibilities to take advantage and swindle your money by exploiting innocent victims through phishing attacks and illegal activities. Crypto crime skyrocketed to unprecedented levels — Chainalysis, a blockchain data firm, reveals that scammers seized an astonishing $14 billion of digital assets in 2021 and $4.3 billion in 2022. As cryptocurrencies continue to evolve, so do phishing tactics used by attackers. If you invest in cryptocurrency, it is vital to be aware of the different types of phishing attacks that may exist to protect themselves from potential damage. Keep reading for more information about typical crypto phishing attacks and practical tips on detecting and dodging them. — What is phishing in cryptocurrency? - “Phishing is a malicious cryptocurrency scam that attempts to deceive victims into sharing their personal information or private keys.” With the intention of stealing cryptocurrency funds, malicious actors disguise themselves as trustworthy entities to gain access and build a connection with their victims. Once they have convinced them, these cybercriminals use the information that was shared with them to deplete any cryptocurrency assets held by their victim. As cyber-attacks become increasingly advanced, phishing scams have unfortunately become rampant. These malicious activi...
Hacker Alert: Identifying the Types of Cybercriminals to Watch Out for in 2023
Cybercriminals with malicious intent and access to diverse tools, contacts, and sources of information can cause considerable harm by corrupting systems or stealing data. Such individuals are known as hackers — a formidable threat to the security of any system. With the goal of obtaining data, destroying systems, or disrupting activity, hackers are notorious for their ability to exploit multiple resources and contacts. As a result, these malicious actors pose an ever-growing security risk. They can be classified into three main categories: black hat hackers, white hat hackers, and grey hat hackers, but apart from these, there are several other types of hackers. Keep reading to learn more about these cyber criminals and discover some ways to protect yourself from their attacks. — How does Hacking Work? - Hacking is the process of exploiting websites, networks, and code to gain unauthorized access to sensitive information. Hackers use various tools and techniques to achieve their objectives, including phishing emails, malware-infected links, malicious software (malware), distributed denial of service (DDoS) attacks, and SQL injection. Skilled hackers can breach even the most secure networks, exploiting any loopholes that exist in an organization’s security measures. Such vulnerabilities might be technical or social — either way, these criminals are experts at taking advantage of them. Their expertise all...
Throwback: Achievements And Future Goals of Lossless
Lossless has been working in the crypto industry for already 1.5 years. Our team accomplished many goals during this period and had quite a few success cases. Despite the bear market conditions, we kept BUIDLing and stayed true to our mission — providing security to web3 companies and their users. Let’s run through the core events that our team came across.Lossless event timeline — 1. Lossless token ($LSS) launch. — Our token became publicly available on the 1st of June back in 2021. Before our IDO, we were able to raise $445,000 during the public and $2.245M in private rounds, making it a total of $2.69M. — 2. Vault Protection. — The first tool we launched was our Token Minter, which allows minting cryptocurrencies free of charge on six chains with our protocol’s integration. Right after that, our team worked on Vault Protection. Its purpose is to offer an additional layer of security by allowing project owners to secure their project wallets. You either apply wallet whitelisting, withdrawal limiting, or both. Wallet whitelisting creates a list of wallets permitted to receive funds from your project’s wallet. Withdrawal limiting sets a cap for transactions from the very same wallet. Here are both tools explained: medium.com — 3. GotEM hack prevention. — Only a month passed after we launched the new tool, and we were able to use it successfully. With the help of Vault Protec...
New Team Member: Meet the QA Specialist — Anastasiia
New Team Member: Meet the QA Specialist — Anastasiia - We’re happy to announce that our team has grown yet again, and we have a new member to introduce. We now have a specialist on board to take care of our product Quality Assurance (QA) field. Introducing — Anastasiia! — What got you into Crypto?. — To be honest, I never had experience with crypto before. I thought it was a parallel world for me, and I was not ready to participate in it. Soon I understood that this is the future for the whole world and I must get in contact with the crypto industry, but I did not have a clue how exactly I should do that and when it could happen. One day I got a message from your developer Ivo about a free position for QA. I was really pleased that life presented me with such an opportunity to be involved in the crypto domain. — What excites you the most about this industry?. — My experience has been collected from different kinds of areas — systems for hospitals, casinos and betting markets, learning platforms, and other kinds of projects. And if I have the opportunity to develop my skills further and learn something new, I will always catch that chance. This industry offers a new vision of how regular things work but in a different way. The top focus in the crypto domain — from my perspective there are dynamic approaches that are developed, and a lot of rules are missing that bring the o...
8 Most Common Smart Contract Vulnerabilities
Smart contracts are specialized programs stored on a blockchain typically used to automate the execution of an agreement so that all parties can be certain of the outcome without the need to trust one another or any intermediaries. A smart contract guarantees that its execution will correspond exactly to the logic that was originally written in it. And after the execution of said predetermined logic, the final state on the network will stay immutable. Despite their potential, smart contracts are not immune to vulnerabilities and attacks. In this blog post, we will delve into the shadow of the smart contract world and uncover the most common vulnerabilities that have plagued these futuristic contracts. — What is Smart Contract? - “Smart Contracts are computer protocols designed to digitally facilitate, verify and enforce the negotiation or performance of a contract.” They act as self-executing contracts within blockchain-based transactions. They do not demand human intervention in advance to authenticate and sanction the conditions, allowing parties to exchange money, property, shares, or anything of value transparent and conflict-free. Smart contracts are powered by digital assets and held in escrow, ensuring that all parties involved follow through with their end of the agreement. The foundation of its operation lies in three fundamental attributes: expressing value, transparency, and immutability. However, these a...
2022 Security Review
The year 2022 is bound to be influential for the cryptocurrency world. With more than 22,000 digital assets in circulation and growing, the potential for malicious actors to exploit this emerging market is huge. In 2022, decentralized finance protocols faced immense volatility. Referred to as ‘DeFi,’ these applications use automation to provide financial services that banks and brokerages traditionally offered; however, security is a major concern — especially when it comes to the links users rely on for transferring funds across different blockchains. Cryptocurrency hacks are becoming common as hackers turn out to be more sophisticated in their methods, and technology continues to evolve. This blog post will look at the top crypto hack of 2022 and explore how it occurred. — Where does Crypto security stand today? - Despite the drastic price drops of cryptocurrencies this year, hackers still exploit digital currencies as their go-to form of payment. Already in 2022, investors have lost more than $3 billion to hackers through a whopping 125 hacks — possibly making it the biggest year on record for hacking since 2021, according to blockchain analytics company Chainalysis. October has already set a record for cyber-attacks, with $718 million stolen from 11 DeFi protocols. This is the biggest month of hacking activity that we’ve seen in this historic year. The main reason why crypto companies get hacked ...
More Lossless (#LSS) News
|Fluid Partners With Lossless to Bring State-of-the-Art DeFi Security and...
[PRESS RELESAE - Dubai, UAE, 26th April, 2022,]
FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based models to tackle inefficient fragmented liquidity in virtual asset markets, has announced it will integrate the LERC20 standard of Lossless to power its FLD token with hack mitigation capabilities of detecting fraud, freezing fraudulent transactions, and reversing stolen funds.
“Securing digital assets is a major challenge for the industry and an even greater barrier for institutional adoption of virtual assets. As the liquidity aggregator of the future, it is fundamental that FLUID provides access to a deep liquidity in a secure framework. Our partnership with Lossless, which is the first DeFi hack mitigation tool, adds an additional layer of security that conforms to the highest standards in place currently,” said Shah Sheikh, Chief Information Security Officer, FLUID.
The announcement comes amidst a growing number of cyber-attacks and crypto-hacks in the digital assets industry recently. FLUID’s partnership with Lossless will provide retail and institutional investors with a secure platform and enhanced opportunities in the DeFi market. The current total value locked (TVL) across the ecosystem is nearing $215 billion, according to DefiLlama.
FLUID is a game-changer for the virtual assets industry in liquidity aggregation and provides high throughput, ultra-low latency and costs, and zero counterparty risk through AI quant-based soluti...