NoOnes announced its closure: it will gradually cease operations due to sanctions

Comparing news, the peer-to-peer cryptocurrency trading platform NoOnes published an article yesterday announcing that it will gradually shut down its business after more than three years of operation. Officials said they had previously continued to seek a resolution and lift the sanctions against NoOnes, but in the end they were unsuccessful.

NoOnes said the relevant sanctions caused it to lose a key partner, while blockchain monitoring agencies marked NoOnes-related transactions as high risk, making it increasingly difficult for the platform to continue operating normally.

According to official arrangements, the business contraction began on August 17, and the P2P market will close at 23:59 UTC on August 21. Services such as Swap, NoOnES Visa, fiat withdrawals, gift card stores, and the Bitcoin Lightning Network will also be discontinued one after another. After that, the platform will only support withdrawals, and users will still be able to log in, check their balance, and withdraw remaining assets.

Officially, users are advised to complete asset withdrawals as soon as possible, no later than August 23.

On January 26, 2025, the peer-to-peer cryptocurrency trading platform NoOnes revealed that earlier this month, the platform experienced a major security breach that resulted in the loss of around $8 million in crypto assets. CEO Ray Youssef confirmed the news after on-chain detective ZachXBT revealed the hack on his Telegram channel.