{"id":345297,"date":"2023-09-21T16:30:54","date_gmt":"2023-09-21T11:00:54","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=345297"},"modified":"2023-09-21T15:18:33","modified_gmt":"2023-09-21T09:48:33","slug":"crypto-trading-bot-shuts-down-amid-critical-exploit","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/crypto-trading-bot-shuts-down-amid-critical-exploit\/","title":{"rendered":"Crypto trading bot shuts down amid &#8216;critical exploit&#8217;"},"content":{"rendered":"<ul>\n<li><em>Crypto bot None Trading took down its Discord and Telegram servers.<\/em><\/li>\n<li><em>Token holders had a 30-day window to claim their rewards before the platform ceased operations.<\/em><\/li>\n<\/ul>\n<p>A Discord-based cryptocurrency and non-fungible token [NFT] trading bot, known as None Trading, ceased its operations following the discovery of a \u201ccritical exploit\u201d within its infrastructure. None Trading also took down its Discord, Telegram, and official websites. The news was announced via None Trading&#8217;s X (formerly Twitter) account.<\/p>\n<p>https:\/\/twitter.com\/nonethio\/status\/1704334756630921237?ref_src=twsrc%5Etfw<\/p>\n<p>As a result of this incident, None Trading expressed its inability to continue running the company effectively. This left them with no choice but to terminate their operations entirely.<\/p>\n<p>Token holders had a 30-day window to claim their rewards before the platform entirely ceased operations.<\/p>\n<p>The project&#8217;s native token, NONE, experienced a drastic decline of nearly 80%, plummeting to a <a href=\"https:\/\/coinmarketcap.com\/currencies\/none-trading\/\" target=\"_blank\" rel=\"noopener\">value<\/a> of $0.072 per token at press time. When the NONE token was launched in August, it reported a market capitalization of $16.5 million. None Trading initially launched in May.<\/p>\n<h4>Closure due to security vulnerability<\/h4>\n<p>Before its closure, None Trading positioned itself as an \u201call-in-one trading solution directly in discord.\u201d It offered users both free and premium trading options. The project&#8217;s CEO, who went by the alias \u201cCarve,\u201d remained anonymous. But as per some sources, he claimed to be a 19-year-old actively involved in the NFT and token space since 2021.<\/p>\n<p>The community responded to the incident with skepticism.<\/p>\n<h4>Telegram bot tokens under the radar<\/h4>\n<p>Certik, a blockchain security firm, recently cautioned against investing in crypto trading bots. On 13 September, Certik issued a warning on X (formerly Twitter), where they revealed that their data indicated a surprisingly high number of potentially fraudulent Telegram bot tokens.<\/p>\n<p>Certik had also issued a warning against investing in Telegram bot tokens, expressing concerns that over 40% of these tokens could be potential exit scams. The surge in popularity of Telegram bot tokens, which have seen gains of over 1000%, raised authenticity concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading bot None Trading shuts down citing a &#8220;critical exploit&#8221; as the CEO, known only as &#8220;Carve,&#8221; remains anonymous. <\/p>\n","protected":false},"author":70,"featured_media":345299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,4,20],"tags":[],"class_list":["post-345297","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Crypto trading bot shuts down amid &#039;critical exploit&#039; - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Before closing, None Trading offered free and premium trading options, with the CEO, known as &quot;Carve,&quot; remaining anonymous.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/crypto-trading-bot-shuts-down-amid-critical-exploit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto trading bot shuts down amid &#039;critical exploit&#039; - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Trading bot None Trading shuts down citing a &quot;critical exploit&quot; as the CEO, known only as &quot;Carve,&quot; remains anonymous.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/crypto-trading-bot-shuts-down-amid-critical-exploit\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T11:00:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/ambcrypto_Trading_in_discord_237c455e-b57b-421c-bc05-27b5eb26203f_1200x900.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Saman Waris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SamanWaris11\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saman Waris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"ReportageNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-bot-shuts-down-amid-critical-exploit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-bot-shuts-down-amid-critical-exploit\\\/\"},\"author\":{\"name\":\"Saman Waris\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/ad73a5a061fcfc27548aa27112d8b9d8\"},\"headline\":\"Crypto trading bot shuts down amid &#8216;critical exploit&#8217;\",\"datePublished\":\"2023-09-21T11:00:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-bot-shuts-down-amid-critical-exploit\\\/\"},\"wordCount\":336,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-bot-shuts-down-amid-critical-exploit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/ambcrypto_Trading_in_discord_237c455e-b57b-421c-bc05-27b5eb26203f_1200x900.png\",\"articleSection\":[\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-bot-shuts-down-amid-critical-exploit\\\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-bot-shuts-down-amid-critical-exploit\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/crypto-trading-bot-shuts-down-amid-critical-exploit\\\/\",\"name\":\"Crypto trading bot shuts down amid 'critical exploit' - 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