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Lossless Protocol offers enhanced blockchain transaction security, safeguarding projects and their communities against malicious exploits and financial losses. With features like hack detection, freezing of malicious transactions, and the return of stolen funds to their rightful owners, Lossless ensures a secure environment. By holding $LSS tokens, users can actively participate in the hack spotting process and earn rewards. Stakeholders also have the power to freeze fraudulent transactions, which will be thoroughly investigated for potential hacks. Founded in Q1 of 2021, the Lossless team comprises experts in blockchain, cybersecurity, fintech, DeFi, and cryptocurrency. Their mission is to prevent and reverse hacks in the evolving DeFi space, fostering a safe and thriving industry.
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What is Lossless?
Lossless is a DeFi hack mitigation tool designed for token creators. The Lossless Protocol is capable of identifying fraudulent transactions based on a specific set of parameters and effectively freezes them while returning the stolen funds back to the rightful owner's account. Our primary objective is to significantly reduce the occurrence of hacks in the DeFi space by leveraging our advanced technology to freeze and reverse transactions.
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