Unocoin Admits $200K Crypto Loss, Warns of Customer Data Breach

Indian cryptocurrency exchange Unocoin confirmed Saturday, Nov. 14, that attackers stole approximately $200,000 in cryptocurrency from three compromised hot wallets, reversing its earlier assurances that no funds were lost. The trading platform’s team also acknowledged potential exposure of sensitive customer information. Unocoin’s Nov. 14 disclosure marks a significant departure from the company’s initial assessment following the Nov. 6 security incident. On Nov. 9, the Bengaluru-based exchange maintained that its intervention with custody providers had prevented cryptocurrency losses. Subsequent forensic examinations, however, uncovered unauthorized transactions involving three operational hot wallets used for activities including customer withdrawals. The estimated $200,000 loss represents significantly less than 1% of cryptocurrency assets held on behalf of customers, according to Unocoin.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.