Unocoin Halts Deposits and Withdrawals While Probing Suspicious BitGo-Linked Transfers

TL;DR Unocoin has kept deposits and withdrawals suspended while investigating transfers from BitGo-linked wallet infrastructure that were signed and broadcast outside BitGo’s platform. BitGo’s enterprise account freeze worked as intended, while Unocoin suspects a multisignature wallet backup mechanism may have been misused. The exchange has not confirmed any cryptocurrency loss or reopening date and continues examining the transaction path, affected systems and whether customer information or digital assets were potentially exposed. Unocoin has kept deposits and withdrawals suspended while investigating suspicious transfers linked to its BitGo wallet infrastructure. In an official update , the Indian cryptocurrency exchange said BitGo froze its enterprise account on November 6 at Unocoin’s request and that the restriction worked as intended. The disputed transactions were instead signed and broadcast directly onchain outside BitGo’s platform.

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