Lossless, the first DeFi hack mitigation tool for token creators, has launched its Core Protocol on Ethereum’s mainnet today.
Read on to find out why it is monumental to the entire crypto space and how it will change security as we know it.
$1.23 billion has been stolen or hacked across the crypto ecosystem during Q1 of 2022. That is up almost 700% from $154 million in losses in Q1 of 2021.
Hacks are accelerating – one key reason is the incredible pace of development within the ecosystem.
Protocols are launching within weeks and this pace of deployment has a tremendous downside: the code is not always properly audited and smart contracts are launched with bugs.
This situation requires a solution – it is critical for the world of crypto to have effective hack prevention and mitigation tool.
