unocoin

Something strange happened today at Indian exchange Unocoin. On November 9, it announced that someone had gained unauthorized access to its servers, so it disabled logins, while saying no funds were lost. Today, November 12, the on-chain analytics account Onchain Lens posted Arkham data showing that around 81,000 addresses associated with Unocoin all had a zero balance. That same day, Unocoin’s website became inaccessible and returned a 504 error. It was later replaced with a maintenance page.
The first signs of trouble appeared on November 6. That evening, at 7:24 and 7:29, the company asked its custodians Fireblocks and BitGo to freeze its corporate accounts. On November 9, it discovered another anomaly and shut down all services. Today, it posted another update: on November 12, it found an abnormal outgoing transfer from an ETH address in its BitGo wallet used to deposit ERC-20 tokens. BitGo has begun investigating. The company’s accounts are still frozen, and it says it can’t determine what happened with the suspicious transaction. More than 90% of user funds are in cold wallets, and rebuilding the servers from scratch will take four to five business days.