Odaily News Peer-to-peer cryptocurrency trading platform NoOnes has revealed that it suffered a major security breach earlier this month, resulting in the loss of approximately $8 million in crypto assets. CEO Ray Youssef confirmed the news after on-chain sleuth ZachXBT revealed the hack on his Telegram channel.
Youssef, who previously served as CEO of rival peer-to-peer crypto platform Paxful, explained that the breach occurred on January 1 due to an exploit of its Solana bridge. In response, NoOnes immediately took action to disable the vulnerable bridge. As of now, the bridge remains offline.
Youssef said in a post on X: "We took quick action to contain the vulnerability, and user funds and personal data remain safe." He also said that the company is committed to further protecting the system and pointed out that support for Solana will not be restored until a thorough penetration test is conducted. (Crowdfund Insider)
Earlier news, on-chain detective ZachXBT posted on the official channel that the P2P market Noones may have had about $7.9 million of assets stolen on Ethereum, Tron, Solana, and BSC from January 1 to 2, because its hot wallet had hundreds of suspicious fund outflows, with each transaction less than $7,000. Shortly afterwards, the platform announced maintenance, but did not make an official statement on any security incidents. Funds were bridged to Ethereum/BSC and then deposited in Tornado Cash.