The US FTC has ordered Nomad's operators to compensate users for the $186 million cross-chain bridge attack in 2022.

The U.S. Federal Trade Commission (FTC) said Tuesday it has submitted a proposed settlement to Illusory Systems Inc., the operator of the crypto cross-chain bridge Nomad, regarding the 2022 cyberattack that resulted in the theft of almost all funds from Nomad. Under the proposed settlement, Illusory Systems would be prohibited from making false statements about its security measures, required to implement a formal information security program, undergo independent security assessments every two years, and return any recovered but not yet returned funds to affected users. The agency stated that the attack resulted in the theft of approximately $186 million in digital assets, with consumer losses exceeding $100 million.