NoOnes CEO confirms that it was hacked due to a vulnerability in its Solana cross-chain bridge
According to Crowdfundinsider, the P2P cryptocurrency trading platform NoOnes has confirmed that it suffered a major security breach earlier this month, resulting in the loss of approximately $8 million in crypto assets. NoOnes CEO Ray Youssef confirmed on the Telegram channel that the hack occurred on January 1st, due to a vulnerability in the platform's Solana cross-chain bridge.
Previously, according to cryptocurrency researcher ZachXBT, the hackers transferred funds across multiple networks, including Ethereum, Tron, Solana, and Binance Smart Chain, in small transactions of around $7,000 each, over the course of two days, totaling approximately $79 million. The stolen funds were then transferred to Tornado Cash for mixing.
The platform has currently shut down the affected Solana cross-chain bridge and stated that it will not resume Solana support until a comprehensive penetration test is completed.
