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Hacking & intrusion

India's Unocoin loses $200,000 in crypto after server breach

First reported · Last reported · 7 related reports

Indian cryptocurrency exchange Unocoin confirmed a breach of its server infrastructure and suspended services including logins, trading, and withdrawals starting November 9. The company began rebuilding its infrastructure and investigated unauthorized withdrawal transactions detected at an Ethereum address in its BitGo wallet. It subsequently acknowledged $200,000 in cryptocurrency losses and warned of a customer data leak.

Key facts

Affected organization
Unocoin
Incident type
Hacking & intrusion
Occurred / detected
Not confirmed
Scale of damage
$200,000 in cryptocurrency losses and a customer data leak
Cause / method
Unauthorized access to server infrastructure and unauthorized wallet-related withdrawals
Location
India

Timeline

  1. Login, trading, and withdrawal services were suspended.
  2. The server breach was confirmed, and withdrawal transactions from an Ethereum address in the BitGo wallet were discovered.
  3. Infrastructure rebuilding and an investigation into unauthorized wallet-related activity were underway.
  4. The company acknowledged $200,000 in cryptocurrency losses and warned of a customer data leak.

7 related reports

The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organization’s official statements for accurate details.