In an official statement posted on X (formerly Twitter) on September 20th, the popular cryptocurrency trading bot Discord, None Trading, announced its cessation of operations due to a “serious exploit” affecting the platform’s infrastructure.
Specifically, the announcement revealed that the exploitation had paralyzed None Trading, rendering it unable to function. It stated, “This unfortunate incident has put us in a financial and infrastructural position that makes it impossible for us to continue operating effectively.”
The statement did not specify the nature of the exploit or the extent of financial losses incurred. However, the announcement did reference the “departure of three key members within the team,” who were believed to be crucial for maintaining efficient operations.
In the hours to come, None Trading plans to initiate the storage process, and if necessary, the company will shut down its website, Discord servers, and Telegram channels.
“We have no choice but to cease operations as a company. In the hours to come, we will begin the storage process, and if necessary, remove the None Trading website, Discord servers, and Telegram channels.”
The cryptocurrency company has provided a 30-day grace period for token holders. During this time, users can claim rewards and withdraw tokens from the NT Bot before it goes permanently offline.
The company also clarified that specific commands such as “withdraw,” “get_priv,” and “portfolio” will continue to function, while all other functions and commands have been disabled.
Despite notifying users early, the company’s failure to provide information regarding the extent of losses or identify the responsible party has led to skepticism within the cryptocurrency community. Many have raised speculations and suspicions that the shutdown may be a fraudulent or entirely deceptive act.
Among them, the blockchain security company Certik recently warned against investing in cryptocurrency trading bots. Additionally, news outlet BeInCrypto suggests that major cryptocurrency exchanges are currently utilizing AI to rationalize operations and provide real-time transaction information to users.