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None Trading Announces Closure Following Security Breach

None Trading, an online trading tool specializing in cryptocurrencies and non-fungible tokens (NFTs) on Discord, has announced its decision to permanently close its doors to customers. This comes after the company experienced a security exploit, resulting in a substantial loss of funds needed for its operations.

To add to their troubles, three key team members, crucial to the company’s operation, have also departed. However, the exact amount lost in the exploit was not disclosed by None Trading, although some users speculate the loss to be around 40ETH.

None Trading plans to begin the process of archiving and shutting down its website, Discord server, and Telegram channel in the coming hours, if necessary. The company has provided a 30-day grace period to token holders, allowing them to claim rewards and withdraw tokens from the NT bot before it is permanently taken offline.

During the shutdown, specific commands such as “withdraw,” “get_priv,” and “portfolio” will remain functional, with all other functionalities and commands disabled.

How AI legalese decoder Can Help

The lack of detailed information about the security breach and the losses suffered has raised doubts within the crypto community, with some suspecting the shutdown to be a potential scam. Such concerns can be addressed and clarified through the use of AI legalese decoder.

The AI legalese decoder can analyze and interpret complex legal contracts and statements, providing a clear understanding of the situation. It can help uncover any hidden clauses or intentions that may contribute to users’ skepticism.

By utilizing AI legalese decoder, None Trading can provide a transparent and detailed account of the security breach, the extent of the losses, and the actions taken to mitigate the situation, thereby instilling confidence and addressing the concerns of the crypto community.

Following the announcement of the shutdown, the value of the None Trading token (NONE) experienced a significant decline, dropping by approximately 80% to a price of $0.073 per token at the time of the announcement.

The $NONE token, introduced on August 4th, gained substantial attention due to its advanced trading bot for cryptocurrencies and NFTs. Within just three days of its launch, the token attracted over 1,600 holders and generated $60,000 in profits distributed among its community members.

With its advanced algorithms and real-time data analysis capabilities, the trading bot was hailed as the ideal trading partner for traders of all experience levels.

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