None Trading, a cryptocurrency and NFT trading tool integrated with Discord, has ceased operations due to a “critical exploit” within its infrastructure.
This unfortunate incident led to the loss of significant funding and key team members, making it financially and operationally unfeasible to continue. The project’s Discord, Telegram, and official websites have been taken down, and token holders are given a 30-day window to claim their rewards before the platform goes offline.
Citing financial and infrastructural breakdown, None Trading wrote in their publication:
“As a result, we are left with no other option but to cease operations as a company.”
The value of the project’s NONE token plummeted nearly 80% to $0.074 from its reported market cap of $16.5 million during its token debut just last month.
None Trading aimed to provide an all-in-one trading solution on Discord, offering both free and premium trading options, with the bot collecting commissions ranging from 0.3% to 0.6% per trade.
Signing out in a Twitter, they wrote:
“Again, we deeply apologize for the unfortunate circumstances that have led us to this point. None Trading has been an incredible journey, and we are grateful for the support and trust you have placed in us. Thank you for being a part of our community, and we wish you all the best in your future endeavors.”
The project, which launched in May, was led by its anonymous CEO, known as Carve, a 19-year-old active in the NFT and token space since 2021.