Unocoin, India's oldest centralized cryptocurrency exchange, reported unauthorized access to its servers on November 9 and suspended user logins. On-chain analytics firm Arkham revealed that the exchange's 81,000 tracked addresses now hold zero balances, while its official website returns a 504 error.
Related on-chain fund movements remain under investigation as of November 12. Monitoring service Onchain Lens flagged the activity, drawing attention to potential security vulnerabilities in the Indian crypto market.
Indian Exchange Unocoin Reports Security Breach; 81,000 Tracked Addresses Show Zero Balances
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