A popular Discord crypto trading bot, None Trading, has declared the cessation of its operations due to a ‘critical exploit’ affecting its infrastructure.
“We have lost a significant amount of funding, as well as the team tokens that were crucial for our operations,” the statement declared.
The Discord Crypto Trading Bot Had No Alternative
A recent statement reveals that the exploit has impacted crypto trading bot None Trading making it challenging to continue operations.
“This unfortunate incident has put us in a financial and infrastructural position that makes it simply impossible to continue running the company effectively.”
The statement indicates that it will soon delete all content and conduct due diligence on online security platforms.
“we are left with no other option but to cease operations as a company. In the coming hours, we will begin the process of archiving and, if necessary, taking down the None Trading website, Discord server, and Telegram channel.”
Read more: 3Commas Review 2023: The Best Crypto Trading Bot for Beginners?
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Additionally, the statement mentions that the project has experienced the departure of “3 core team members.” It claims these members were crucial for maintaining smooth operations.
Token holders have a 30-day window to claim their rewards on the website before it goes offline.
Similarly, users will have the same timeframe to withdraw their tokens and funds from the NT bot. It’s essential to note that all transactions must occur within this window before the bot becomes permanently offline.
The statement additionally mentions that they have already disbursed payments to all winners of the trading competition.
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The incident sparked skepticism within the community, with users commenting on the official post and tagging blockchain investigator ZachXBT for his input.
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