Security Breach Leads to $8 Million Loss at NoOnes

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by Giorgi Kostiuk

2 years ago

In January 2023, the NoOnes platform suffered a security breach resulting in the loss of approximately $8 million in cryptocurrency. This event became public knowledge through an investigation by ZachXBT.

Incident Confirmation

The NoOnes platform officially confirmed the breach, which was reported by renowned crypto-sleuth ZachXBT in his Telegram channel. The company's CEO, Ray Youssef, confirmed that the breach occurred on January 1st due to an 'exploit of their Solana bridge'.

Causes and Consequences of the Breach

Upon discovering the breach, NoOnes promptly disabled the vulnerable Solana bridge. According to ZachXBT, the platform lost around $7.9 million across Ethereum, Tron, Solana, and Binance Smart Chain networks. The funds were withdrawn through hundreds of small outflows and later mixed via Tornado Cash. Connectivity to the TON network was also affected alongside Solana.

Company's Response and Planned Measures

The CEO of NoOnes reassured users that their funds and personal data remain safe. It is expected that the Solana bridge will not be brought back online until comprehensive testing is completed. Additionally, the platform has suspended Solana deposits and is working to restore security.

The management of NoOnes states that all security measures are being taken to prevent such situations in the future. Users are also urged to remain vigilant while the platform addresses the issues.

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