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NoOnes Begins Gradually Ceasing Operations Due to the Impact of Sanctions

2026.08.18 - 15:38
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TechFlow reports, on August 18, peer-to-peer cryptocurrency trading platform NoOnes announced that due to the failure to resolve and lift sanctions affecting the platform, the company will begin to gradually cease operations. The announcement stated that the relevant sanctions caused NoOnes to lose key partners and led blockchain monitoring service providers to flag transactions related to NoOnes as high risk, making it difficult for the platform to continue operations.

Previously, NoOnes revealed on January 26, 2025, that the platform encountered a major security vulnerability earlier that month, resulting in the loss of approximately $8 million in crypto assets. CEO Ray Youssef confirmed this news after on-chain detective ZachXBT disclosed the relevant hack on his Telegram channel.

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