NoOnes Announces Closure Amid Sanctions and Security Incident

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On-chain news outlet ChainThink reported on August 18 that the P2P crypto platform NoOnes will gradually shut down after more than three years of operation. The platform cited sanctions and the loss of key partners as reasons for the closure. Blockchain monitoring agencies have flagged its transactions as high-risk. NoOnes began scaling down on August 17, with its P2P marketplace closing on August 21. Services including Swap, NoOnes Visa, and the gift card store will be phased out. Users can withdraw funds only until August 23. A prior security breach resulted in the loss of approximately $8 million in cryptocurrency.

ChainThink news: On August 18, according to an official announcement, the peer-to-peer cryptocurrency trading platform NoOnes declared it would be gradually shutting down operations after more than three years of service.

The official stated that sanctions against the platform have caused it to lose key partners, and blockchain monitoring agencies have flagged related transactions as high-risk.

NoOnes initiated business contraction on August 17. The P2P market will close on August 21 at 23:59 UTC, and services including Swap, NoOnes Visa, fiat withdrawals, gift card store, and Bitcoin Lightning Network will also be gradually discontinued.

The platform will then support withdrawals only; users can still log in, view their balances, and withdraw remaining assets. The official recommends that users complete their withdrawals as soon as possible, no later than August 23.

Previously, NoOnes disclosed that the platform suffered a security breach, resulting in the loss of approximately $8 million in crypto assets.

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