Summary
- The possibility of a hack has been raised at Indian cryptocurrency exchange Unocoin after unauthorized server access and a temporary suspension of user logins.
- Blockchain analytics platform Arkham showed that all assets held in about 81,000 wallet addresses linked to Unocoin were displayed as zero, while the website was also returning a 504 server error.
- Whether any assets were drained in an actual hack and the specific scale of the damage have not yet been confirmed.
Forecast Trend Report by Period
Indian cryptocurrency exchange Unocoin may have been hacked, according to claims circulating online.
On-chain analytics account Onchain Lens wrote on X on November 12 that Unocoin had disclosed unauthorized access to its servers on November 9 and had temporarily suspended user logins.
According to blockchain analytics platform Arkham, assets held across about 81,000 wallet addresses linked to Unocoin were all showing as zero, Onchain Lens said. Unocoin's website was also returning a 504 server error.
Onchain Lens added that it was reviewing on-chain fund flows to determine exactly what happened.
It has not yet been confirmed whether any assets were actually drained in a hack or how large the losses may be.
Uk Jin
