The FTC is stepping in āļøš„
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 š„š°
Over $100M in user funds vanished ā and only $22M has been recovered so far šØš
Now, the message is clear:
āSecurity-firstā claims mean nothing without real protection. šā ļø
Crypto is watching. Trust is on the line š
#CryptoSecurity #DeFiHack #FTC #NomadBridge #BinanceSquare š
$ETH $USDC $WBTC