Tron(TRX) News: Noones App P2P Marketplace Hacked for $7.9M in Cryptocurrency

In a significant cybersecurity breach, Noones App, a global peer-to-peer (P2P) marketplace that accepts cryptocurrency, has reportedly been hacked, resulting in the theft of $7.9 million in digital assets. The incident was uncovered by on-chain investigator ZachXBT, who tracked suspicious outgoing transactions from the platform's wallets. These funds were subsequently consolidated and mixed through Tornado Cash, a cryptocurrency mixer known for obscuring transaction trails. The hack coincided with an announcement of wallet maintenance in January, raising questions about the timing and potential insider involvement. ZachXBT's investigation revealed outflows from multiple blockchains, including Ethereum and Tron (TRX), highlighting the cross-chain nature of the attack. This breach underscores the vulnerabilities in P2P marketplaces and the importance of robust security measures in the cryptocurrency space. The incident has sparked concerns among users and investors, particularly those involved with Tron, as the platform's reputation and trustworthiness come under scrutiny. As the investigation continues, stakeholders are calling for enhanced security protocols and transparency to prevent future breaches and protect user assets.

Noones App P2P Marketplace Likely Hacked for $7.9M

Noones App, an international P2P marketplace that accepts cryptocurrency, has reportedly been hacked, with $7.9 million in assets stolen. On-chain investigator ZachXBT tracked suspicious outgoing transactions from the platform's wallets, which were later consolidated and mixed through Tornado Cash. The attack coincided with an announcement of wallet maintenance in January. ZachXBT noted outflows from multiple blockchains, including Ethereum, TRON, Solana, and BNB Smart Chain, contradicting claims that only the Solana bridge was compromised. The stolen funds were withdrawn across several chains, with the total loss estimated at $7.9 million.

Hong Kong Court Serves Tokenized Notices to Crypto Wallets in $2.6 Million Scam

A Hong Kong court has issued tokenized notices to two TRON wallets implicated in a $2.6 million scam. The case involves a fraud claim by marketing consultancy firm Worldwide A-Plus, which alleges it was misled into transferring $2.6 million in Tether USDT to the two Tron wallets. The High Court of Hong Kong granted an injunction order in early December, preventing the wallet holders from disposing of the assets both in Hong Kong and worldwide. The challenge of serving the order to anonymous wallet holders was addressed by the law firm Ravenscroft & Schmierer, representing the plaintiff. This case sets a precedent in Hong Kong's pro-crypto legal approach.

TRON’s market enters stability phase – Is a breakout for TRX ahead?

TRX has climbed by 6.02% on the charts over the past week, indicating a period of market stability. Over the last 5 days, TRON [TRX] has made significant gains, climbing from $0.223 to $0.262. However, TRX remains stuck within a consolidation range between $0.22 and $0.27. At the time of writing, TRX was trading at $0.255 following gains of 6.02% over the past week. CryptoQuant’s Joao Wedson highlighted a potential upside, citing TRON’s CAGR (compound annual growth rate), which hints at a potential uptrend.