The FTC is stepping in ⚖️🔥
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 💥💰
Over $100M in user funds vanished — and only $22M has been recovered so far 😨📉
Now, the message is clear:
“Security-first” claims mean nothing without real protection. 🔐⚠️
Crypto is watching. Trust is on the line 👀
#CryptoSecurity #DeFiHack #FTC #NomadBridge #BinanceSquare 🚀
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