|All Time High:|
|Market Cap: |
|The price of #LSS today is $0.30 USD.|
The lowest LSS price for this period was $0, the highest was $0.299, and the exact current price of one LSS crypto coin is $0.29923.
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 ETH or other crypto coins.
|The code for Lossless crypto currency is #LSS. |
Lossless is 1.6 years old.
|The current market capitalization for Lossless is $10,509,201.|
Lossless is ranked #565, by market cap (and other factors).
|The trading volume is medium today for #LSS.|
Today's 24-hour trading volume across all exchanges for Lossless is $492,055.
|The circulating supply of LSS is 35,121,375 coins, which is 35% of the total coin supply.|
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 ...
5 Types of Social Engineering Attacks in Crypto and How to Prevent It
With the boom in cryptocurrency, NFTs, and Web3 technologies, scammers continuously find new ways to exploit people’s trust and naiveté. Crypto users must stay vigilant and educated on the latest attack methods to protect themselves from financial losses. Phishing is a social engineering attack used by malicious actors to try and steal confidential information or cryptocurrency holdings from users. CertiK’s quarterly report revealed that phishing attacks had skyrocketed by 170% over the second quarter of 2022. Further corroborating this data, Cisco Talos’ intelligence group predicted that social engineering methods like phishing would dominate Web3 and metaverse in the upcoming years. — What is a Social Engineering attack? - Social engineering in crypto is a method of manipulating people into revealing information or taking actions that can compromise the security and privacy of cryptocurrency networks. It involves exploiting people’s trust, naiveté, and willingness to believe what they are told. Social engineering attacks usually consist of two fundamental stages. First, the attacker investigates their target to gain essential background data like potential entry points and vulnerable security protocols required to continue with the attack. Then, they work on winning over the victim’s trust before providing stimuli for actions that violate safety practices — including disclosing confidential deta...
Last Development Update of 2022
Welcome to the last development update of this year from our technical team. We believe you’ll agree that this year was very productive — we successfully launched our hack mitigation protocol and Aegis to monitor smart contracts. We also released our Token Relaunch Toolkit to ease the process of token redeployment. Our tools underwent upgrades as well as facelifts. We have one more portion of info to share with you to close 2022. Let’s begin. medium.com — Aegis - We’ve released multiple new features. The launch of smart contract monitoring was not the ultimate goal. This is what we’ve built: Improving the tool is crucial so now you can enjoy: SMS notifications about engagements with your smart contracts next to Telegram, Slack, and other types of notifications., Backtesting. A feature to help you go back in time and see if your smart contracts were ever attacked., Added support for Elysium (powered by Vulcan Forged) and Fantom chains., Multifactor authentication was added., Improved notifications to show more info about suspicious transactions., User invitation flow improved to allow selecting roles before the invited user is registered., Small quality-of-life improvements were made., We also fixed email deliverability issues., — Facelifts - You can now use our Token Minter and Hack Mitigation Platform in a much more convenient way. Both these products were upgraded design-wise: Token Minter, L...
Crypto Stealers: Malware & Tools Used Against You
Cryptocurrencies are more popular than ever, and as a result, they are becoming a bigger target for hackers. Nowadays, one of the most common types of malware is known as Info-Stealers. Their only purpose is to steal as much personal information from their victims as possible, from basic system information to locally stored usernames and passwords. The Group-IB (cybersecurity) company has identified 34 Russian-speaking groups distributing info-stealing malware. These gangs operate under the stealer-as-a-service model, meaning that they sell access to the malware as a subscription service. Most info-stealers have a similar method of stealing user information, with only slight changes in encryption algorithms and networking. These programs can be bought on hacking-related sites such as HackForums for around $50 to over a couple hundred dollars. In this blog post, we will discuss the different types of malware and tools used to steal cryptocurrencies and how you can protect yourself from them. — Info-stealing malware increased in 2022 - According to the Group-IB Digital Risk Protection team, telegram groups and bots designed to distribute info stealers first appeared in early 2021. However, a substantial increase was observed in the first seven months of this year, with more than 890,000 devices infected across 111 countries — almost twice the number of infected devices in 2021. So far this year, cybercriminals ha...
Another Day, Another Hack: Ankr’s $5M Exploit
Ankr, a web3 infrastructure project on BNB Chain, was exploited with an attacker minting and dumping millions worth of its wrapped BNB token, aBNBc (Ankr Reward Bearing Stake BNB). A bug in Ankr’s decentralized finance infrastructure allowed hackers to mint unlimited tokens, resulting in over $5 million being stolen. On-chain analysts discovered the attack on social media, and Ankr confirmed that this incident occurred on Dec. 1st. On Friday, the Web3 infrastructure provider admitted on Twitter that its aBNBc token had been exploited and announced it’s working with exchanges to suspend trading. A follow-up tweet also insisted that all underlying assets on Ankr Staking are safe and infrastructure services unaffected. — Ankr suffers from a DeFi hack - Ankr Protocol, a Defi node-as-a-service provider, admitted that $5 million worth of Binance’s native token, BNB, was stolen from liquidity pools. The team at Ankr is currently assessing the damage and working to resolve the issue. Blockchain security firm Peckshield Inc. analyzed the exploit and discovered that the aBNBc token contract has an unlimited mint bug. More specifically, while minting, another function (with 0x3b3a5522 function signature) completely bypasses caller verification, allowing for arbitrary minting, something the attacker exploited to secretly transfer stolen funds to mixer Tornado Cash. The Firm reported that the attacker had managed to gain ac...
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...