Illusory
Company Details
Linkedin ID:
illusoryio
Website:
Employees number:
3
Number of followers:
34
NAICS:
513
Industry Type:
Homepage:
illusory.io
IP Addresses:
0
Company ID:
ILL_1233454
Scan Status:
In-progress
Illusory Company CyberSecurity Posture
illusory.io
Illusory makes it easier to scrape online data and perform automated tasks without getting blocked or detected. Train AI language models, conduct market research, or run mission-critical operations with our powerful, bare metal mobile proxies.
Illusory A.I CyberSecurity Scoring
Illusory Risk Score (AI oriented)Between 700 and 749
Illusory
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Illusory Global Score (TPRM)XXXX
Illusory
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Illusory Company CyberSecurity News & History
Past Incidents
1
Attack Types
1
Illusory Systems and Federal Trade Commission: Illusory Systems settles with FTC over 2022 cryptocurrency hack
Vulnerability
Rankiteo Explanation
Attack threatening the organization's existence
Description: **FTC Orders Nomad to Return Stolen Funds and Reform Security After $186M Crypto Hack** The Federal Trade Commission (FTC) has reached a settlement with **Illusory Systems (operating as Nomad)**, requiring the company to return recovered funds to victims and implement sweeping cybersecurity reforms. The order follows a **2022 breach** in which hackers exploited a vulnerability in Nomad’s **Token Bridge**—a smart contract solution designed to transfer cryptocurrency across blockchains—stealing **$186 million** from users. The FTC’s investigation found that Nomad **misrepresented its security practices**, advertising its platform as “high security” and “security first” while failing to implement basic safeguards. In **June 2022**, the company deployed **untested code** after a security audit, leaving a critical flaw unaddressed. By **July 2022**, attackers exploited the vulnerability, draining user funds. White hat hackers later secured **$37 million** of the stolen assets, which Nomad is now required to return. The FTC’s complaint highlighted **systemic security failures**, including: - **Inadequate testing**: Most pre-deployment checks focused on functionality, not security. - **Lack of safeguards**: No automated fraud monitoring, circuit breakers, or kill switches to halt suspicious transactions. - **Delayed response**: The breach was detected via **social media**, not internal systems, and engineers scrambled to respond—including relaying code fixes mid-flight. - **Ignored warnings**: Months before the hack, an engineer warned leadership about weak testing practices, citing a prior incident where untested code caused losses. Nomad also **overrode internal efforts to reimburse users** after a separate bug in its web interface led to losses, with executives reportedly stating the platform offered “no guarantees of safety.” Under the settlement, Nomad must **develop a comprehensive cybersecurity program**, address flaws identified by the FTC, and submit to **third-party assessments**. The case underscores the FTC’s stance that companies must **deliver on security promises**—or face enforcement action.
Illusory Company Scoring based on AI Models
Cyber Incidents Likelihood 3 - 6 - 9 months
A.I Risk Score Likelihood 3 - 6 - 9 months
Underwriter Stats for Illusory
Incidents vs Technology, Information and Internet Industry Average (This Year)
Illusory has 11.11% more incidents than the average of same-industry companies with at least one recorded incident.
Incidents vs All-Companies Average (This Year)
Illusory has 28.21% more incidents than the average of all companies with at least one recorded incident.
Incident Types Illusory vs Technology, Information and Internet Industry Avg (This Year)
Illusory reported 1 incidents this year: 0 cyber attacks, 0 ransomware, 1 vulnerabilities, 0 data breaches, compared to industry peers with at least 1 incident.
Incident History — Illusory (X = Date, Y = Severity)
Illusory cyber incidents detection timeline including parent company and subsidiaries
Illusory Company Subsidiaries
Illusory makes it easier to scrape online data and perform automated tasks without getting blocked or detected. Train AI language models, conduct market research, or run mission-critical operations with our powerful, bare metal mobile proxies.
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Illusory CyberSecurity News
December 16, 2025 11:47 PM
Illusory Systems settles with FTC over 2022 cryptocurrency hack
The company was charged with materially misrepresenting the cybersecurity of its Token Bridge software as executives failed to implement...
December 16, 2025 05:47 PM
Blockchain Firm Agrees to Pay Victims of Hack in FTC Settlement
Blockchain infrastructure company Illusory Systems Inc. will return money to customers affected by a 2022 hack in which cyber criminals...
December 12, 2025 10:50 PM
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Frequently Asked Questions
Explore insights on cybersecurity incidents, risk posture, and Rankiteo's assessments.
Illusory CyberSecurity History Information
Official Website of Illusory
The official website of Illusory is https://illusory.io.
Illusory’s AI-Generated Cybersecurity Score
According to Rankiteo, Illusory’s AI-generated cybersecurity score is 742, reflecting their Moderate security posture.
How many security badges does Illusory’ have ?
According to Rankiteo, Illusory currently holds 0 security badges, indicating that no recognized compliance certifications are currently verified for the organization.
Does Illusory have SOC 2 Type 1 certification ?
According to Rankiteo, Illusory is not certified under SOC 2 Type 1.
Does Illusory have SOC 2 Type 2 certification ?
According to Rankiteo, Illusory does not hold a SOC 2 Type 2 certification.
Does Illusory comply with GDPR ?
According to Rankiteo, Illusory is not listed as GDPR compliant.
Does Illusory have PCI DSS certification ?
According to Rankiteo, Illusory does not currently maintain PCI DSS compliance.
Does Illusory comply with HIPAA ?
According to Rankiteo, Illusory is not compliant with HIPAA regulations.
Does Illusory have ISO 27001 certification ?
According to Rankiteo,Illusory is not certified under ISO 27001, indicating the absence of a formally recognized information security management framework.
Industry Classification of Illusory
Illusory operates primarily in the Technology, Information and Internet industry.
Number of Employees at Illusory
Illusory employs approximately 3 people worldwide.
Subsidiaries Owned by Illusory
Illusory presently has no subsidiaries across any sectors.
Illusory’s LinkedIn Followers
Illusory’s official LinkedIn profile has approximately 34 followers.
NAICS Classification of Illusory
Illusory is classified under the NAICS code 513, which corresponds to Others.
Illusory’s Presence on Crunchbase
No, Illusory does not have a profile on Crunchbase.
Illusory’s Presence on LinkedIn
Yes, Illusory maintains an official LinkedIn profile, which is actively utilized for branding and talent engagement, which can be accessed here: https://www.linkedin.com/company/illusoryio.
Cybersecurity Incidents Involving Illusory
As of December 18, 2025, Rankiteo reports that Illusory has experienced 1 cybersecurity incidents.
Number of Peer and Competitor Companies
Illusory has an estimated 13,246 peer or competitor companies worldwide.
What types of cybersecurity incidents have occurred at Illusory ?
Incident Types: The types of cybersecurity incidents that have occurred include Vulnerability.
What was the total financial impact of these incidents on Illusory ?
Total Financial Loss: The total financial loss from these incidents is estimated to be $186 million.
How does Illusory detect and respond to cybersecurity incidents ?
Detection and Response: The company detects and responds to cybersecurity incidents through an incident response plan activated with yes, but delayed and chaotic, and containment measures with shut down the bridge after assets were drained, and remediation measures with implementation of a comprehensive cybersecurity plan as part of ftc settlement, and recovery measures with return of $37 million safeguarded by white hat hackers to users, and enhanced monitoring with required as part of ftc settlement..
Incident Details
Can you provide details on each incident ?
Title: Nomad Token Bridge Hack
Description: Hackers exploited a vulnerability in Illusory Systems' (Nomad) Token Bridge cryptocurrency smart contract solution, leading to the theft of $186 million in cryptocurrency funds from users. The FTC settlement requires the company to return recovered funds to victims and implement security reforms.
Date Detected: July 2022
Date Publicly Disclosed: July 2022
Type: Data Breach, Cryptocurrency Theft
Attack Vector: Exploitation of a software vulnerability in smart contracts
Vulnerability Exploited: Inadequately tested code in Token Bridge smart contracts
Threat Actor: Malicious hackers
Motivation: Financial gain
What are the most common types of attacks the company has faced ?
Common Attack Types: The most common types of attacks the company has faced is Vulnerability.
Impact of the Incidents
What was the impact of each incident ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Financial Loss: $186 million
Data Compromised: Cryptocurrency funds
Systems Affected: Token Bridge smart contracts, cryptocurrency wallets
Operational Impact: Token Bridge was emptied of assets; delayed response due to lack of automated monitoring
Brand Reputation Impact: Significant damage due to misrepresentation of security capabilities
Legal Liabilities: FTC settlement, potential fines, and regulatory actions
Payment Information Risk: Cryptocurrency funds at risk
What is the average financial loss per incident ?
Average Financial Loss: The average financial loss per incident is $186.00 million.
What types of data are most commonly compromised in incidents ?
Commonly Compromised Data Types: The types of data most commonly compromised in incidents are Cryptocurrency funds.
Which entities were affected by each incident ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Entity Name: Illusory Systems (Nomad)
Entity Type: Cryptocurrency company
Industry: Blockchain, FinTech
Customers Affected: Users of Token Bridge smart contracts
Response to the Incidents
What measures were taken in response to each incident ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Incident Response Plan Activated: Yes, but delayed and chaotic
Containment Measures: Shut down the bridge after assets were drained
Remediation Measures: Implementation of a comprehensive cybersecurity plan as part of FTC settlement
Recovery Measures: Return of $37 million safeguarded by white hat hackers to users
Enhanced Monitoring: Required as part of FTC settlement
What is the company's incident response plan?
Incident Response Plan: The company's incident response plan is described as Yes, but delayed and chaotic.
Data Breach Information
What type of data was compromised in each breach ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Type of Data Compromised: Cryptocurrency funds
Sensitivity of Data: High (financial assets)
Data Exfiltration: Yes, $186 million stolen
What measures does the company take to prevent data exfiltration ?
Prevention of Data Exfiltration: The company takes the following measures to prevent data exfiltration: Implementation of a comprehensive cybersecurity plan as part of FTC settlement.
How does the company handle incidents involving personally identifiable information (PII) ?
Handling of PII Incidents: The company handles incidents involving personally identifiable information (PII) through by shut down the bridge after assets were drained.
Ransomware Information
How does the company recover data encrypted by ransomware ?
Data Recovery from Ransomware: The company recovers data encrypted by ransomware through Return of $37 million safeguarded by white hat hackers to users.
Regulatory Compliance
Were there any regulatory violations and fines imposed for each incident ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Regulations Violated: FTC Act (unfair or deceptive practices)
Legal Actions: FTC settlement requiring security reforms and fund return
How does the company ensure compliance with regulatory requirements ?
Ensuring Regulatory Compliance: The company ensures compliance with regulatory requirements through FTC settlement requiring security reforms and fund return.
Lessons Learned and Recommendations
What lessons were learned from each incident ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Lessons Learned: Failure to implement secure coding practices, lack of automated fraud monitoring, inadequate security staffing, and misrepresentation of security capabilities led to catastrophic financial loss.
What recommendations were made to prevent future incidents ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Recommendations: Implement secure coding practices, conduct thorough security testing, establish automated fraud monitoring, hire adequate security staff, and avoid misrepresenting security capabilities.
What are the key lessons learned from past incidents ?
Key Lessons Learned: The key lessons learned from past incidents are Failure to implement secure coding practices, lack of automated fraud monitoring, inadequate security staffing, and misrepresentation of security capabilities led to catastrophic financial loss.
What recommendations has the company implemented to improve cybersecurity ?
Implemented Recommendations: The company has implemented the following recommendations to improve cybersecurity: Implement secure coding practices, conduct thorough security testing, establish automated fraud monitoring, hire adequate security staff and and avoid misrepresenting security capabilities..
References
Where can I find more information about each incident ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Source: Federal Trade Commission
Where can stakeholders find additional resources on cybersecurity best practices ?
Additional Resources: Stakeholders can find additional resources on cybersecurity best practices at and Source: Federal Trade Commission.
Investigation Status
What is the current status of the investigation for each incident ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Investigation Status: Completed (FTC settlement reached)
Post-Incident Analysis
What were the root causes and corrective actions taken for each incident ?
Incident : Data Breach, Cryptocurrency Theft ILLFED1765936610
Root Causes: Inadequate code testing, lack of secure coding practices, absence of automated fraud monitoring, insufficient security staff, and misrepresentation of security capabilities.
Corrective Actions: Implementation of a comprehensive cybersecurity plan, third-party assessments, and return of recovered funds to victims.
What is the company's process for conducting post-incident analysis ?
Post-Incident Analysis Process: The company's process for conducting post-incident analysis is described as Required as part of FTC settlement.
What corrective actions has the company taken based on post-incident analysis ?
Corrective Actions Taken: The company has taken the following corrective actions based on post-incident analysis: Implementation of a comprehensive cybersecurity plan, third-party assessments, and return of recovered funds to victims..
Additional Questions
General Information
Who was the attacking group in the last incident ?
Last Attacking Group: The attacking group in the last incident was an Malicious hackers.
Incident Details
What was the most recent incident detected ?
Most Recent Incident Detected: The most recent incident detected was on July 2022.
What was the most recent incident publicly disclosed ?
Most Recent Incident Publicly Disclosed: The most recent incident publicly disclosed was on July 2022.
Impact of the Incidents
What was the highest financial loss from an incident ?
Highest Financial Loss: The highest financial loss from an incident was $186 million.
What was the most significant data compromised in an incident ?
Most Significant Data Compromised: The most significant data compromised in an incident was Cryptocurrency funds.
Response to the Incidents
What containment measures were taken in the most recent incident ?
Containment Measures in Most Recent Incident: The containment measures taken in the most recent incident was Shut down the bridge after assets were drained.
Data Breach Information
What was the most sensitive data compromised in a breach ?
Most Sensitive Data Compromised: The most sensitive data compromised in a breach was Cryptocurrency funds.
Regulatory Compliance
What was the most significant legal action taken for a regulatory violation ?
Most Significant Legal Action: The most significant legal action taken for a regulatory violation was FTC settlement requiring security reforms and fund return.
Lessons Learned and Recommendations
What was the most significant lesson learned from past incidents ?
Most Significant Lesson Learned: The most significant lesson learned from past incidents was Failure to implement secure coding practices, lack of automated fraud monitoring, inadequate security staffing, and misrepresentation of security capabilities led to catastrophic financial loss.
What was the most significant recommendation implemented to improve cybersecurity ?
Most Significant Recommendation Implemented: The most significant recommendation implemented to improve cybersecurity was Implement secure coding practices, conduct thorough security testing, establish automated fraud monitoring, hire adequate security staff and and avoid misrepresenting security capabilities..
References
What is the most recent source of information about an incident ?
Most Recent Source: The most recent source of information about an incident is Federal Trade Commission.
Investigation Status
What is the current status of the most recent investigation ?
Current Status of Most Recent Investigation: The current status of the most recent investigation is Completed (FTC settlement reached).
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Description
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Risk Information
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Severity: LOW
CVSS:3.1/AV:N/AC:L/PR:N/UI:R/S:U/C:H/I:H/A:H
References
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Risk Information
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Risk Information
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Severity: HIGH
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Description
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Risk Information
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Base: 7.3
Severity: LOW
CVSS:3.1/AV:N/AC:L/PR:N/UI:N/S:U/C:L/I:L/A:L
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