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…

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…

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. Aegis new features Crypto payments. That’s right; we introduced a way to pay for the…

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…

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…

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…

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…

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…

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…