ChainThink report, on August 18, according to an official announcement, the peer-to-peer cryptocurrency exchange NoOnes has announced the gradual shutdown of its operations after operating for over three years.

The official statement indicated that regulatory actions against the platform led to the loss of key partners, while blockchain monitoring firms have flagged associated transactions as high-risk.

NoOnes initiated its business contraction on August 17. The P2P marketplace will shut down at 23:59 UTC on August 21, followed by the discontinuation of services including Swap, NoOnes Visa, fiat withdrawal, gift card store, and Bitcoin Lightning Network.

Subsequently, the platform will only support withdrawals. Users can still log in, view their balances, and withdraw remaining assets. The official recommends users complete their withdrawals as soon as possible, no later than August 23.

Previously, NoOnes disclosed a security vulnerability that resulted in the loss of approximately $8 million in crypto assets.