Bitcoin Forum

Hello Guys

DEFI hacks and rug pulls have been very common lately. Came across of https://coinmarketcap.com/currencies/lossless/ . This project resolves issue with Defi hacks. Recently they recover $$ for Cream Finance. Seems like a good projects and low supply. Anyone have any opinion about this project ? Seems like $40-$50 in this Bull run for this project IMO.

That would be a long way to go because the current price is $1.76 and the volume on the eight exchanges that have listed the token is also very different for some reasons of confidence, not to mention the ranking is still so far from the top 10 that it makes me a little hesitant to choosing it even though you've been calling it a hacking fix lately

Seems like a good project to look at if they have that mission for why they've made that project.

I'm not negative about it but I've seen such project with a lot of supply that have been with their two digit per coin. It's still going to be a long way for this coin as the all time high of it was $2.59 and it was hit just a few days ago. If you're too optimistic about this project, good luck holding it. There's still a long way to go if they have this type of task to recover with project hacks.

It sounds an over rated project for me. I have been visiting the site but it looks like this project was offering a tool to mitigate the attack but it's only cream finance and what about the hack that happened with poly network and the rest? If a smartcontract creator didn't have backdoor and it's quite impossible to return the hacked funds.

Supply doesn't matter but in my opinion this needs to be proven again. It's not easy to mitigate the attack and claimed to be a platform that was offering a tool that can freeze the funds. That's a non sense thing as it can only be done by the contract creator. 3rd party will never able to do that as it must be a backdoor that already created to prevent when attack happened.