Exploit Leads to Closure of NONE Trading Platform
NONE, a popular suite of trading tools for cryptocurrencies and NFTs, has announced its decision to shut down operations. This move comes after an exploit on September 18th, where the NONE deployer lost 41.52 ETH and an undisclosed amount of NONE tokens. The incident has been identified as a phishing attack by blockchain security firm CertiK Alert.
The exploit involved the deployer approving a malicious contract (0x3b6) to access NONE tokens, resulting in the dispersal of 41.52 ETH across multiple wallets. Furthermore, 11.7k NONE tokens were transferred to address 0x560, followed by the aggregation of 47 ETH (equivalent to $76.5k) into address 0x1dE. These funds were then distributed to various wallets and eventually transferred to exchanges.
Cease of Operations
The None Trading (NT) community was informed about the closure through a message from the project’s team on X platform. The team expressed their gratitude for the support received from the community but highlighted that a critical exploit within their infrastructure led to significant financial losses and the loss of team tokens necessary for their operations.
Hot Take: NONE Trading Platform Shuts Down Following Exploit
The popular trading platform NONE has made the difficult decision to cease operations after falling victim to a phishing attack that resulted in substantial financial losses. The exploit allowed unauthorized access to funds and tokens, causing significant damage to both the platform and its users. This unfortunate incident serves as a reminder of the importance of robust security measures in the crypto industry. It is crucial for users to remain vigilant and take necessary precautions while engaging with trading platforms and handling digital assets.
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