Introducing the Security Committee: Matthijs van Driel, Founder of Magnus Capital

2 min readMar 24, 2022

We’re keeping up the pace with our Security Committee reveals.

As you know, the Security Committee plays a crucial part in Core Protocol’s efficiency. It’s one of the three main elements, allowing the Decision-Making Body to smoothly operate.

The Security Committee is a 9 member integral structure, comprised of blockchain industry professionals and key figures that will provide trusted and unbiased decision-making when investigating reported hacks.

We’re excited to reveal the third member of the Security Committee to help us ensure proper hack prevention. It’s an honor to welcome Matthijs van Driel, Founder of Magnus Capital as our third member.

Matthijs shared that “We’re thrilled to be a part of the Security Committee in providing more safety and protection for all projects. In such a nascent industry, Lossless brings forth cyber security solutions along with a renowned team into the space. We look forward to bringing more.

Vygandas Masilionis, CEO of Lossless elaborated that “We’re thrilled to have Matthijs onboard. Magnus Capital has been with Lossless since the very beginning and has been a partner to many other crypto projects which allowed to collect plenty of valuable experience about the mechanisms of DeFi. Experience necessary in the committee.

1/3 of the Security Committee is unveiled. 6 more members to go.

About Lossless

Lossless is the world’s first DeFi hack mitigation tool for token creators. Apart from Lossless’ known cyber security solutions and renowned professionals, the community also plays a role. With a tangible reward system, community members are also encouraged to explore new ways to detect hacks and fraudulent transactions.

Lossless protocol halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner. Its solutions to the impending problems of cyber theft within the blockchain space are thorough and applicable within many protocols.

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