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Noones

avoid.net/noones→18/100·100% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:zachxbt][africa][aml][bitcoin][defi][doj][emerging-markets][exchange][fincen][hack][kyc][p2p][paxful][ray-youssef][tornado-cash]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·2sCjRg…xgP9

Summary

Noones is a peer-to-peer cryptocurrency trading platform targeting Africa and the Global South, founded and initially led by Ray Youssef, co-founder of the now-defunct Paxful. In January 2025, the platform suffered an $8 million hot-wallet exploit that was concealed for nearly three weeks before on-chain investigator ZachXBT publicly exposed the breach. Compounding platform risk, Youssef was subsequently indicted by the DOJ in early 2026 on federal AML charges stemming from his leadership of Paxful, and stepped down as Noones CEO shortly thereafter.

Connected Entities

8 entities · 60 linked investigations
Organizations
□Paxful / Ray Youssef4□Ethereum64□Paxful□Binance□Solana□Noones□ZachXBT
Tokens
♦Bitcoin
Relationships
  • Ethereum→mentioned with→Bitcoin(60%)
  • Paxful→mentioned with→Bitcoin(70%)
  • ZachXBT→mentioned with→Ethereum(70%)
  • ZachXBT→mentioned with→Bitcoin(65%)
  • ZachXBT→mentioned with→Binance(60%)
  • Binance→mentioned with→Ethereum(65%)
  • Paxful→mentioned with→Noones(70%)
  • Noones→mentioned with→Paxful(70%)
  • Noones→mentioned with→Ethereum(70%)
  • Noones→mentioned with→Solana(80%)
  • + 9 more
Also appears in
Paxful / Ray Youssef·4Ethereum·64Lendf.me·30Levyathan·18Jump Trading·42StableMagnet·2Shibarium·28Bankr·18Nexera·32Sky (MakerDAO)·51+ 50 more

Connected Through

8 shared actors · 578 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Noones?

Timeline(11 events)

2023

Noones launched as a P2P crypto super-app targeting Africa and the Global South.

October 2023

Ray Youssef, former Paxful co-founder and CEO, announced as Noones CEO. Youssef directed Paxful users to transition to Noones following Paxful's 2023 shutdown.

2025

Noones hot wallets across Ethereum, Tron, Solana, and Binance Smart Chain exploited via a Solana bridge vulnerability. Approximately $7.9 million stolen. Platform issues routine 'maintenance' notice rather than disclosing breach.

24 January 2025

On-chain investigator ZachXBT publishes findings exposing the Noones breach, documenting hundreds of suspicious sub-$7,000 outflows and tracing funds to Tornado Cash.

24 January 2025

CEO Ray Youssef publicly confirms the January 1 Solana bridge exploit and attributes the delay in disclosure to ongoing remediation. Claims user funds are 'SAFU.'

2025

Noones reports surpassing 2 million global users.

December 2025

Paxful pleads guilty to three federal criminal charges: conspiracy to promote illegal prostitution via Backpage, operating as an unlicensed money transfer business, and failing to maintain proper AML controls. Agrees to pay $4 million criminal fine.

10 February 2026

U.S. District Court formally sentences Paxful in connection with its December 2025 guilty plea. FinCEN separately imposes $3.5 million civil penalty on Paxful.

14 February 2026

DOJ indicts Ray Youssef in U.S. District Court for the Eastern District of California on AML-related charges stemming from Paxful operations. Youssef is arrested after deportation from Mexico to Los Angeles.

20 February 2026

Ray Youssef announces he is stepping down as Noones CEO, offering no public explanation.

26 February 2026

Noones officially confirms Youssef's departure as CEO via public statement, characterizing his legal matters as 'personal and unrelated to NoOnes.' No successor named.

Provenance & Audit Trail
Anchored on SolanaVerify on-chainsrc:zachxbt

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event).

full audit log →version history →

model: claude-sonnet

generated: 5/4/2026, 4:05:03 PM

last updated: 8/29/2026, 1:35:56 AM

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