FTC Orders Nomad to Repay Users After $186 Million Crypto Bridge Hack

Tekedia | 18-12-2025 03:12pm |

The U.S. Federal Trade Commission has moved to hold Illusory Systems, which operated the cryptocurrency bridge Nomad, financially accountable for one of the most damaging crypto security breaches of 2022, accusing the company of overstating the safety of its platform while failing to meet basic cybersecurity standards. In a proposed settlement agreement released this week,

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