None Trading, a Discord-based trading tool for cryptocurrencies and non-fungible tokens (NFTs), has ceased operations after suffering a “critical exploit” within its infrastructure.

“Due to a critical exploit within our infrastructure, we have lost a significant amount of funding, as well as the team tokens that were crucial for our operations,” None Trading said in a statement on Sept. 20. “Alongside this, we have lost three core team members that are required to keep the project running healthily.”

The statement added that the incident has put the project in a “financial and infrastructural position” that makes it impossible to continue running the company effectively.

“As a result, we are left with no other option but to cease operations as a company.”

None Trading has already begun the process of archiving. It has since taken down its official website, Discord server, and Telegram channel.

None Trading (NONE) token holders will have a 30-day window to claim their rewards before going offline. The same timeframe was also given to users who have stored their funds in the NT bot.

On the heels of the announcement, NONE sunk nearly 80% to $0.074. At the time of its launch, NONE had a self-reported market cap of $16.5 million.

Before its shutdown, None Trading held itself as the “all-in-one trading solution directly in Discord.” Users can access the bot for free or pay a premium fee of 300 NONE tokens for trading. The trading bot collected a commission of 0.3-0.6% per trade. Its anonymous CEO, Carve, claims to have been active in NFT and token space since 2021 and has developed multiple projects.