Lossless Protocol Saves $800K After Gaming Platform Exploit
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Lossless Protocol recovered $800K in user funds after an exploit targeted Vulcan Forged, a Web3 gaming platform. Its preventive security measures froze transactions before more funds could be stolen.
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Lossless has previously helped retrieve millions in lost user funds after major exploits targeted platforms like Cream Finance and Harmony's Horizon bridge.
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The protocol introduced an AI monitoring system called Aegis that scans transactions and identifies suspicious patterns to warn teams before an exploit.
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Lossless uses preventive mechanisms like active exploit mitigation to freeze suspicious transactions for further investigation instead of just trying to recover funds after the fact.
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As Web3 grows, innovative solutions like Lossless that leverage predictive analytics and AI may be key to keeping users and platforms secure from the proliferation of hacks and exploits.