Indian exchange Unocoin suffers security incident, losing approximately $200,000
2026-11-14 21:53:28
According to CoinMeta, as reported by Wu, the latest security incident report released by the Indian cryptocurrency exchange Unocoin indicates that three out of over 20 hot wallets operated by the company were compromised, resulting in an estimated loss of approximately $200,000 in cryptocurrencies. Unocoin claimed that the incident was caused by the leakage of their own backup signature keys, rather than an issue with the infrastructure of their hosting partner Bitgo. The report also noted that some of the funds involved have been frozen, and there is a potential risk of customer information being leaked (no evidence of access to customers' KYC files has been found yet). Unocoin stated that they will use their own funds to cover the losses in full and will not deduct from users' account balances. They are currently continuing forensic investigations and rebuilding their infrastructure, and services have not yet been resumed. It is worth noting that Unocoin previously denied any financial losses.
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