Lossless

Lossless Launches Protocol to Prevent Crypto Hacks
Lossless Launches Protocol to Prevent Crypto Hacks

Lossless launched its Core Protocol on Ethereum’s mainnet last week. Its core protocol allows them to “spot hacks, freeze them and revert stolen funds.” Chains including BNB Chain, Polygon, Harmony, Avalanche, and Fantom will soon follow Ethereum’s Lossless Protocol launch. The first DeFi hack mitigation tool Lossless launched its Core Protocol on Ethereum’s mainnet last week, April 14. The company disclosed in a tweet that all supported chains and projects that implemented them will be “#Lossless protected.” The Lossless Core Protocol provides protection against DeFi hacks. Specifically, it allows them to detect hacks, freeze them, and revert stolen funds. This