FTC Settles With Crypto Firm Over $186 Million Security Breach

FTC Settles With Crypto Firm Over $186 Million Security Breach

First seen 13 Jan 2026, 15:48 UTC RegulatoryoversightJdsupra 25.9

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In June 2022, a crypto firm deployed inadequately tested code that contained a significant vulnerability. This flaw was exploited by hackers in August 2022, leading to an estimated loss of $186 million in assets. The FTC has now announced a settlement regarding this incident.