The FTC has reached a proposed settlement with Illusory Systems Inc., operator of the Nomad cryptocurrency bridge, over a 2022 security exploit that led to $186The FTC has reached a proposed settlement with Illusory Systems Inc., operator of the Nomad cryptocurrency bridge, over a 2022 security exploit that led to $186
FTC Proposes Settlement with Nomad Bridge Operator for 2022 Security Lapses
The FTC has reached a proposed settlement with Illusory Systems Inc., operator of the Nomad cryptocurrency bridge, over a 2022 security exploit that led to $186 million in stolen digital assets. The agreement bars misleading security claims and mandates enhanced security measures to protect users. FTC Settlement Details: Illusory Systems must implement a formal information-security [...]
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