Key points
- Unocoin has suspended services and is rebuilding its infrastructure after detecting unauthorised activity.
- The exchange identified outgoing transactions from an Ethereum wallet address held through BitGo on 12 November.
- More than 90% of customer cryptocurrency funds remain in cold storage, while investigations continue.
Unocoin has suspended services and begun rebuilding its infrastructure after attackers compromised its systems.
The Indian cryptocurrency exchange first detected unauthorised activity on 6 November 2026.
“Protecting customer assets remains our highest priority,” said Unocoin in its security update.
The exchange detected further suspicious activity on 9 November, prompting an immediate suspension of all services.
On 12 November, Unocoin identified outgoing transactions from an Ethereum (ETH) address within its BitGo wallet infrastructure.
Unocoin escalated the transactions to BitGo, which launched an investigation into how they were executed.
More than 90% of customer cryptocurrency holdings remain in cold storage, while Unocoin investigates potential exposure.
Unocoin estimates rebuilding its server infrastructure will take four to five working days, followed by security checks before services resume.
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