Unocoin Says One of Its BitGo Addresses Sent Out Transactions It Can’t Trace
By Unchained
AI summary of the source article
Indian cryptocurrency exchange Unocoin reported untraceable outgoing transactions from an Ethereum address within its BitGo wallet infrastructure. The platform suspended all services after detecting unauthorized activity and confirmed that its infrastructure had been compromised.
Key facts
- Unocoin found untraceable outgoing transactions from an Ethereum address in its BitGo wallet setup and escalated the issue to BitGo.
- The exchange suspended all services after detecting unauthorized activity and discovered its infrastructure was compromised.
- Over 90% of the cryptocurrency Unocoin holds for customers is kept in offline cold storage.
Source excerpt · Unchained
Unocoin said it is waiting on BitGo for details and cannot yet see the full extent of the transactions, three days after it suspended all services following further unauthorized activity. The post Unocoin Says One of Its BitGo Addresses Sent Out Transactions It Can’t Trace appeared first on Unchained .