The FTC is stepping in âïžđ„
After the massive Nomad Bridge hack, regulators have proposed a settlement with Illusory Systems, accusing the team of serious security failures.
A single flawed code update opened the door to hackers, who drained $186M in ETH, USDC, DAI & WBTC đ„đ°
Over $100M in user funds vanished â and only $22M has been recovered so far đšđ
Now, the message is clear:
âSecurity-firstâ claims mean nothing without real protection. đâ ïž
Crypto is watching. Trust is on the line đ
#CryptoSecurity #DeFiHack #FTC #NomadBridge #BinanceSquare đ
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