Unocoin hacked? Website remains down as 81,000 wallets show zero holdings - Crypto News
Indian cryptocurrency exchange Unocoin remains inaccessible following a security incident on November 9, while blockchain analytics shows zero holdings across approximately 81,000 addresses associated with the platform.
Unocoin, one of India's oldest cryptocurrency exchanges, has been inaccessible to users since November 9 when the company discovered unauthorized access to its servers. The exchange temporarily disabled user logins while its security team investigated the incident, assuring customers that no cryptocurrency funds had been lost.
As of November 12, Unocoin's official website was returning a Cloudflare 504 Gateway Time-out error, indicating that its host server was not responding within the expected time. The exchange has not provided a timeline for restoring normal operations.
Blockchain data shows zero holdings
The security problems have attracted further attention following observations by blockchain analytics account Onchain Lens. The account pointed to data from Arkham Intelligence showing a portfolio value of $0 across roughly 81,000 addresses attributed to Unocoin.
INDIA'S OLDEST CEX HACKED? 81K WALLETS SHOW $0 Unocoin reported unauthorized server access on November 9 and temporarily disabled user logins. Meanwhile, Arkham shows $0 in holdings across its 81,000 tracked addresses, while its website is returning a 504 error.
The figures have raised questions about Unocoin's reserves, though the Arkham data alone cannot confirm whether the exchange holds customer funds in other wallets or whether any money has been lost. The exchange has not released further updates on the investigation.
Exchange promises investigation update
In its November 9 statement, Unocoin confirmed the unauthorized access and assured customers that no funds were compromised. The company apologized for the disruption and promised to share its findings once more information became available.
Our team is actively investigating the incident and working on remediation, the exchange said in its announcement. crypto.news contacted Unocoin for clarification about the security incident, its cryptocurrency reserves, and the website disruption but had not received a response at press time.
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