Discord crypto trading bot shuts down after ‘critical exploit’

Altcoins

None Trading, a trading tool for cryptocurrencies and nonfungible tokens built on Discord, has shut down due to a “critical exploit” within its infrastructure.

According to the September 20 announcement, None Trading developers said that it has “lost a significant amount of funding” as well as “team tokens” crucial for its operations. “Alongside this, we have lost 3 core team members that are required to keep the project running healthily. This unfortunate incident has put us in a financial and infrastructural position that makes it simply impossible to continue running the company effectively,” developers wrote. 

“As a result, we are left with no other option but to cease operations as a company.”

At the time of publication, the project’s Discord, Telegram, and official websites have been taken down. None Trading wrote that token holders will have a 30-day window to claim their rewards before going offline. The None Trading token (NONE) plunged nearly 80% on the news to $0.074 apiece. At the time of launch last month, NONE had a self-reported market cap of $16.5 million. The project was launched in May.

Prior to its shutdown, None Trading held itself as the “all-in-one trading solution directly in discord.” Users could either access the bot for free or pay a 300 NONE fee for premium trading. The None Trading bot then collected 0.3% to 0.6% commission based on each trade. Its anonymous CEO, Carve, claimed to be a 19-year-old who has been in the NFT and token space since 2021, having developed several projects.

Magazine: ‘AI has killed the industry’: EasyTranslate boss on adapting to change

Products You May Like

Articles You May Like

Sentiment For Ethereum Hits 1-year Low, Analyst Says A Massive Run Is Coming
Ethereum Accumulation Address Holdings Surge By 60% In Five Months – Details
Ethereum Price Drops 12% As Spot ETFs Witness Significant Net Outflows
XRP Holds Key Demand Level – Whale Activity Suggests Strength
Ethereum Investment: Trump Crypto Project Grabs 722 ETH At $2.5 Million

Leave a Reply

Your email address will not be published. Required fields are marked *