{"id":63671,"date":"2023-09-20T18:45:25","date_gmt":"2023-09-20T22:45:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/discord-crypto-trading-bot-to-shut-down-due-to-critical-exploits\/"},"modified":"2023-09-20T18:45:29","modified_gmt":"2023-09-20T22:45:29","slug":"discord-crypto-trading-bot-to-shut-down-due-to-critical-exploits","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=63671","title":{"rendered":"Discord Crypto Trading Bot to Shut Down Due to \u2018Critical Exploits\u2019"},"content":{"rendered":"
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None Trading, a trading tool catering to cryptocurrencies and non-fungible tokens on Discord will close its doors to customers.<\/p>\n

The company attributed this decision to a security exploit in an official statement posted on X (formerly Twitter) on September 20.\u00a0<\/p>\n

None Trading revealed that this security breach resulted in a substantial loss of funds, including the crypto funds necessary for its operations.<\/p>\n

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Adding to the woes, three key team members crucial to the company’s operation have departed.\u00a0<\/p>\n

However, the organization did not reveal how much was lost, but some users speculate that the company might have lost about 40ETH in the exploit.<\/p>\n

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In the coming hours, None Trading plans to commence the process of archiving and, if necessary, shutting down its website, Discord server, and Telegram channel.\u00a0<\/p>\n

The crypto company has provided a 30-day grace period to token holders. During this window, users can claim rewards and withdraw tokens from the NT bot before it is taken offline permanently.<\/p>\n

The company also clarified that specific commands, such as “withdraw,” “get_priv,” and “portfolio,” will remain operational while all other functionalities and commands have been disabled.\u00a0<\/p>\n

Doubts Around the Shutdown<\/h2>\n

The Discord trading bot did not disclose the extent of their losses in the critical attack or identify the responsible party.\u00a0<\/p>\n

This lack of detailed information has led to skepticism within the crypto community, with many suspecting the shutdown to be a potential rug pull or outright scam.<\/p>\n

An X user with the handle \u201cOnlyjpegsol\u201d accused Amadeo Raffy, the CEO of NONE, of being a scammer based in the UAE. The handle also tagged the Dubai police in its tweet.\u00a0<\/p>\n

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Another X user with the handle \u201c___deandree\u201d mocked the CEO for shutting down due to the loss of significant funds. The user pointed out that such losses shouldn’t be a major concern for the CEO, given his billionaire status.<\/p>\n

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Following the announcement of the shutdown, the value of the None Trading token (NONE) experienced a dramatic decline, plummeting by approximately 80% to a price of $0.073 per token at the time of the announcement.<\/p>\n

The $NONE token, introduced on August 4th, attracted substantial attention due to its sophisticated trading bot for cryptocurrencies and NFTs.\u00a0<\/p>\n

Within three days of its launch, the token amassed a community of over 1,600 holders and generated $60,000 in profits distributed among its community members.<\/p>\n

The trading bot received acclaim for its advanced algorithms and real-time data analysis capabilities and was hailed as the ideal trading partner for traders of all experience levels.<\/p>\n<\/p><\/div>\n