NoOnes Shuts Down Over Sanctions; Users Urged to Withdraw Funds
P2P crypto platform NoOnes is closing, telling 2.5M users to withdraw funds before August 23.
NoOnes, a peer-to-peer cryptocurrency marketplace, has announced it is shutting down operations. The platform is instructing its users to withdraw their funds immediately, citing sanctions as the primary cause.
In a statement, the NoOnes team warned that balances associated with the platform may be flagged after August 23. The sanctions led to the loss of essential business partners, and account withdrawals are now the only function still running.
Impact on Users
- NoOnes served more than 2.5 million users over the past three years.
- Users have been asked to withdraw funds before the August 23 cutoff.
- The platform experienced partner fallout due to international sanctions.
- Withdrawal functionality remains available until the closure is complete.
The shutdown reflects the growing compliance challenges posed by sanctions on crypto services that operate across borders. NoOnes had positioned itself as a peer-to-peer marketplace, but the loss of payment and banking partners made continued operations impossible.