NoOnes advised its more than 2.5 million users to withdraw balances by Sunday, August 23, after entering withdrawal‑only mode following EU sanctions that listed NoOnecrypto INC. on a restricted financial and crypto‑asset list. Users can still sign in, view balances and withdraw funds while the platform works to remove money.

In early statements, NoOnes said NoOnecrypto INC. is a separate legal entity not linked to its management and that the sanctions did not affect its operations. The platform said services would remain normal and users did not need to act.

Later, the company said it could not resolve the sanctions, attributing the wind‑down to loss of partners and high‑risk classifications of its wallets and transactions by blockchain‑monitoring firms. Bitget warned that transactions involving entities on the EU list could face enhanced review, rejection or account restrictions. Chainalysis said it labeled the listed entities in its products.

The platform announced that withdrawal routes include Bitcoin over the Bitcoin network and USDT over the Tron network via the TRC‑20 protocol. It warned that receiving exchanges or services may delay, reject or restrict transfers and advised customers to confirm acceptance before sending funds.

Services that were discontinued include Bitcoin Lightning, all USDT networks except TRC‑20, Swap, Visa, crypto off‑ramps, gift cards, partner payouts and new registrations. The P2P marketplace closed on August 21 at 11:59 p.m. UTC. Accounts already on hold cannot withdraw immediately; NoOnes said it will move those accounts to banned status, allowing withdrawals once each change is completed. The company has not announced a date for when normal withdrawal services will resume, and it remains unclear which partners have ceased support.