Lossless (LSS) is a token of a secure and reliable DeFi ecosystem with minimal or no losses from hacks, exploits or social engineering. The project is a piece of code that token creators insert into their tokens. The specified code allows Lossless to block any fraudulent transaction based on a set of fraud identification parameters.

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Following the latest news of Roman Semenov's sanctioning from the US government we have decided on his immediate removal from the Security Council, along with any other association.

The Lossless Protocol remains fully functional and this decision has had no impact on the ability of the protocol to freeze and reverse transactions, should a report happen.