Unocoin keeps deposits and withdrawals halted over suspect transfers
Unocoin has suspended deposits and withdrawals while investigating suspicious transfers from wallets linked to custodian BitGo. The exchange said BitGo froze its enterprise account on Nov. 6 at Unocoin’s request, but the transfers were signed and broadcast outside BitGo’s platform. Unocoin suspects its multisignature wallets’ recovery feature may have been misused, but has not determined how the transfers occurred or whether assets were lost. After detecting further activity, it disclosed outgoing transactions from an Ethereum address and said its servers had been compromised. It has not set a date to resume services. India’s cybersecurity agency recently warned of an AI-assisted campaign against financial firms, but no link to Unocoin has been established.
