Jan 24, 2025, 11:04 PM
Noones acknowledges $8 million exploit after ZachXBT raises concerns
Noones CEO confirmed the breach was due to a Solana bridge vulnerability, with security teams containing the situation swiftly.
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Noones, a peer-to-peer crypto marketplace, suffered a security breach resulting in approximately $8 million in losses.
On Jan. 24, on-chain investigator ZachXBT noted that the exploit likely occurred between Jan. 1 and Jan. 2, with the platform’s hot wallets processing hundreds of questionable transactions.
According to him, these outflows, each valued under $7,000, collectively amounted to $7.9 million and spanned Ethereum, TRON, Solana, and Binance Smart Chain (BSC).
The stolen funds were subsequently bridged to Ethereum and BSC before being funneled to the crypto mixer Tornado Cash.
Despite the severity of the incident, Noones reportedly refrained from addressing the breach at the time. Instead, the platform announced a routine New Year maintenance update.
However, after ZachXBT’s revelation, Noones CEO Ray Youssef publicly confirmed the exploit in a social media post. He attributed the breach to a vulnerability in the platform’s Solana bridge, which the security team promptly addressed.
source: https://cryptoslate.com/noones-acknowled...-concerns/
Noones CEO confirmed the breach was due to a Solana bridge vulnerability, with security teams containing the situation swiftly.
==========
Noones, a peer-to-peer crypto marketplace, suffered a security breach resulting in approximately $8 million in losses.
On Jan. 24, on-chain investigator ZachXBT noted that the exploit likely occurred between Jan. 1 and Jan. 2, with the platform’s hot wallets processing hundreds of questionable transactions.
According to him, these outflows, each valued under $7,000, collectively amounted to $7.9 million and spanned Ethereum, TRON, Solana, and Binance Smart Chain (BSC).
The stolen funds were subsequently bridged to Ethereum and BSC before being funneled to the crypto mixer Tornado Cash.
Despite the severity of the incident, Noones reportedly refrained from addressing the breach at the time. Instead, the platform announced a routine New Year maintenance update.
However, after ZachXBT’s revelation, Noones CEO Ray Youssef publicly confirmed the exploit in a social media post. He attributed the breach to a vulnerability in the platform’s Solana bridge, which the security team promptly addressed.
source: https://cryptoslate.com/noones-acknowled...-concerns/