$7 900 000 USD

JANUARY 2025

GLOBAL

NOONES APP

DESCRIPTION OF EVENTS

NoOnes is a comprehensive platform offering a range of crypto services, including P2P trading, gift card purchases, crypto swaps, and a digital wallet. It supports over 500 payment methods, with a 24-hour marketplace volume of $33,716 and a Bitcoin market price of $101,931.5. Users from 60+ countries can trade and convert cryptocurrencies instantly with competitive quotes. NoOnes also provides a Virtual VISA card for global payments, the ability to recharge phones with crypto, and OTC desk services. Users can download the app for Android and iOS, and enjoy benefits like low fees and access to various products.

 

To buy Bitcoin on NoOnes, simply sign up for an account, create a verified wallet with 2FA security, and choose from multiple payment methods like bank transfers or online wallets. No fees are charged, so you get more crypto for your money. Find a vendor that matches your preferences, review their requirements, and start the trade. Once payment is made and confirmed, your Bitcoin will be released from escrow into your NoOnes wallet. The platform ensures a safe environment through monitoring and user verification, and customer support is available 24/7 for assistance.

 

The hack, which occurred in early January, involved suspicious outflows from Noones' hot wallets on multiple blockchains, including Ethereum, TRON, Solana, and BNB Chain. The stolen funds were routed through Tornado Cash, a crypto mixer.

 

"Funds were bridged to Ethereum/BSC and then deposited to Tornado Cash.

 

Theft consolidation addresses:

 

Ethereum 0x72c1eabafc42a2ac6d0447b02c657b96f07402e6 0x4b0edd27196063476d91b634333be289beca9202 0x6c9b55b50e6a42fd7a14b49ba7747096090b0465 Tron TLRzLWbrCPVjXEcTDHv4Lavm6CxonUgJST TSnsmxEPy7rqk9XRsCiYEk5ntchweGFq2A BSC 0x72c1eabafc42a2ac6d0447b02c657b96f07402e6 Solana BBJoEgHq1igbH4fXfLtxRBodpFb1qcYQRk4UCpzVKobo"

 

"The P2P marketplace Noones was likely exploited for ~$7.9M on Ethereum, Tron, Solana, & BSC on January 1-2, 2025 as its hot wallets saw hundreds of suspicous outflows for <$7K per txn."

 

Noones did not initially acknowledge the breach. They instead reported maintenance on their wallets.

 

"Shortly after the platform made an announcement about maintenance although no official statement was made about any security incident."

 

"We’re wrapping up our NY maintenance on @noonesapp! Marketplace is back online. Wallet is back with some temporary limitations: Deposits: all chains except SOL. Sendouts: TRON USDT, BTC, XMR. Stay tuned for more updates!"

 

NoOnes later confirmed it was due to a Solana bridge vulnerability. This incident underscores the need for improved security measures in the crypto market, such as multi-factor authentication, encryption, and real-time monitoring, to safeguard against future hacks.

 

The NoOnes hack, which exposed a $7.9 million vulnerability in crypto wallets, reportedly raised alarms for the crypto industry, particularly for startups.

 

NoOnes CEO Ray Youssef has reportedly decided to cover all funds from the loss himself.

 

"On Jan 1 there was an exploit of our Solana bridge. Our security teams quickly responded and the situation was immediately contained.

 

User funds SAFU and personal data SAFU.

 

We know Solana is hot now but Solana will not come back up until exhaustive pen testing is done.. Apologize for the inconvenience."

 

"Keeping that much in a hot wallet is not smart. One day of liquidity is enough. The rest in cold storage. Should have always been this way but we adapt. I have Always covered any losses myself like with Celcius and even compliance locked funds at mt Old company. My record and honor stand tall always bro"

 

Explore This Case Further On Our Wiki

NoOnes is a comprehensive crypto platform offering services such as P2P trading, crypto swaps, gift card purchases, and a digital wallet, with support for over 500 payment methods. It provides users from 60+ countries with competitive quotes and the ability to trade and convert cryptocurrencies instantly. In early January 2025, NoOnes suffered a significant hack involving $7.9 million stolen from its hot wallets across multiple blockchains. The breach was attributed to a vulnerability in their Solana bridge. The funds were routed through Tornado Cash. Initially, NoOnes did not acknowledge the hack and instead reported maintenance. The CEO, Ray Youssef, later confirmed the breach and pledged to cover the lost funds personally. This incident has highlighted the importance of improved security measures in the crypto industry, including multi-factor authentication and real-time monitoring.

Sources And Further Reading

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