Unocoin said on November 9 that it had temporarily disabled user logins while its security team investigated the access. The exchange said no customer cryptocurrency funds had been lost and promised to share findings after the investigation. It did not say how the access occurred or which systems were affected.
On November 12, a check of unocoin.com at approximately 06:57 UTC found that the browser and Cloudflare’s Mumbai network were functioning, while the exchange’s host server was returning an error. Unocoin had not provided a timeline for restoring services or issued a further public update. The company said services would resume after its investigation and security measures were complete, adding: “Our team is actively investigating the incident and working on remediation.”
Onchain Lens said Arkham listed roughly 81,000 addresses associated with Unocoin with a combined portfolio value of zero. Its screenshot showed “No assets found” on Unocoin’s Arkham entity page. The data raises questions about the exchange’s reserves but does not establish whether customer funds are held in other wallets or whether any money has been lost. Unocoin has not publicly addressed the figures or disclosed whether assets were moved during the investigation.
crypto.news said it contacted Unocoin for clarification on the incident, its reserves, the website outage and service restoration, but had received no response at press time on November 12. Founded in 2013, Unocoin is among India’s earliest cryptocurrency exchanges. The company has not specified whether the unauthorized access involved customer information, internal infrastructure or systems handling cryptocurrency transactions.
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