India’s Unocoin May Have Been Hacked After Wallet Balances Drop to Zero
Uk Jin
Summary
- Indian cryptocurrency exchange Unocoin said it temporarily suspended user logins after unauthorized access to its servers.
- According to Arkham, assets held across about 81,000 wallet addresses linked to Unocoin are all showing zero, while a 504 server error is also occurring.
- It has not yet been confirmed whether a hack led to any asset outflows or the specific scale of the damage.
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Indian cryptocurrency exchange Unocoin may have been hacked, according to a claim circulating online.
On-chain analysis account Onchain Lens wrote on X on Nov. 12 that Unocoin disclosed unauthorized access to its servers on Nov. 9 and temporarily suspended user logins.
According to blockchain analytics platform Arkham, assets held across about 81,000 wallet addresses linked to Unocoin are all showing as zero, Onchain Lens said. Unocoin’s website is also returning a 504 server error.
Onchain Lens added that it is reviewing on-chain fund flows to determine exactly what happened.
It has not yet been confirmed whether any assets were actually stolen in a hack or how extensive the damage may be.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.