#ftc-enforcement

#ftc-enforcement

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Illusory Systems, which trades as Nomad, allegedly misled users about the security of its cryptocurrency bridge, which was compromised in 2022 in an attack that led to $186 million worth of funds being stolen. The FTC alleged that Nomad pushed an update in June 2022 containing "inadequately tested code" that, in turn, introduced a "significant vulnerability" that was exploited around a month later.

A stalkerware maker who was banned from the surveillance industry after a data breach that exposed the personal information of its customers, as well as the people they were spying on, will not be able to go back to selling the invasive software, according the U.S. Federal Trade Commission. The FTC denied a request to cancel that ban made by Scott Zuckerman, the founder of consumer spyware company Support King and its subsidiaries SpyFone and OneClickMonitor.

Don't get Nathan Jones started on xylitol, the active ingredient in his chewing gum, nasal spray, and other products. He'll talk your ear off about its wondrous powers against tooth decay, as well as its potential to fight COVID, heart disease, Alzheimer's you name it. For now, Jones, the founder of Xlear, can't make those claims in his company's advertising. But if the lawsuit his company brought against the Federal Trade Commission succeeds, he'll likely be able to say anything he wants.