Discord crypto trading bot shuts down after ‘critical exploit’

nestorsauer8 21. September 2023 0

None Trading, a trading software for cryptocurrencies and nonfungible tokens (NFT) constructed on Discord, has shut down resulting from a “critical exploit” inside its infrastructure.

In a Sept. 20 announcement, None Trading said it had “lost a significant amount of funding” in addition to “team tokens” essential for its operations. “Alongside this, we have lost 3 core team members that are required to keep the project running healthily. This unfortunate incident has put us in a financial and infrastructural position that makes it simply impossible to continue running the company effectively.”

“As a result, we are left with no other option but to cease operations as a company.”

At the time of publication, the venture’s Discord, Telegram and official web sites have been taken down. None Trading wrote that tokenholders may have a 30-day window to assert their rewards earlier than going offline. The venture’s NONE token plunged almost 80% on the information to $0.074 apiece. At the time of launch final month, NONE had a self-reported market cap of $16.5 million. The venture was launched in May.

Prior to its shutdown, None Trading held itself because the “all-in-one trading solution directly in discord.” Users might both entry the bot without spending a dime or pay a 300 NONE price for premium trading. The None Trading bot then collected a 0.3%–0.6% fee primarily based on every commerce. Its nameless CEO, Carve, claimed to be a 19-year-old energetic within the NFT and token house since 2021, having developed a number of initiatives.

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