Security Breach Leads to $8 Million Loss at NoOnes

user avatar

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 The funds were withdrawn through hundreds of small outflows and later mixed via Tornado Cash.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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Broadridge and Dinari Integrate Proxy Voting for Tokenized Stocks

Broadridge and Dinari have integrated their systems to allow eligible holders of Dinaris dShares to exercise voting rights through established proxy voting infrastructure.

user avatarTando Nkube

Google Launches TPU 8tx and TPU 8i Max AI Systems to Challenge Nvidia

Google has launched TPU 8tx and TPU 8i Max AI systems to enhance privacy and memory capabilities, aiming to compete with Nvidia.

user avatarKofi Adjeman

Nvidia's Stock Plummets Amid Scandal and Google’s AI Chip Launch

Nvidia's stock has dropped significantly following CEO Jensen Huang's admission of an extramarital affair, coinciding with Google's announcement of new AI chips.

user avatarNguyen Van Long

FATF to Review Jurisdictions with Weak Virtual Asset Oversight

The Financial Action Task Force (FATF) will review jurisdictions with longstanding shortcomings in virtual asset regulation to identify necessary actions for the upcoming plenary.

user avatarSatoshi Nakamura

Stellar Development Foundation Makes Strategic Investment in Marketnode

On October 29, the Stellar Development Foundation announced a strategic investment in Marketnode to enhance institutional access to tokenized investment products in the Asia-Pacific region.

user avatarJesper Sørensen

Tokenization Efforts in Wall Street Face Challenges

Tokenization efforts on Wall Street face challenges as major companies opt out, highlighting volatility and illiquidity in the market.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.