Crypto App NoOnes Shuts Down After Sanctions, Affecting 2.5M Users

NoOnes has shut down, telling users to withdraw funds immediately. The team warned that balances tied to the platform may be flagged after August 23.

The peer-to-peer marketplace served more than 2.5 million users in three years. Sanctions cost it essential partners, leaving withdrawals as the only function still running.

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NoOnes Shuts Down After Sanctions Hit

NoOnes said it worked to resolve and remove the sanctions, but failed. Blockchain monitoring providers then classified its wallets and transactions as high risk.

This has made it difficult for the platform to process transactions and operate normally.

"We explored every possible option, but continuing NoOnes was no longer sustainable," the blog read.

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