The FTC is stepping in âš–ïžđŸ”„

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 đŸ’„đŸ’°

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. đŸ”âš ïž


Crypto is watching. Trust is on the line 👀


#CryptoSecurity #DeFiHack #FTC #NomadBridge #BinanceSquare 🚀

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