Indian crypto exchange Unocoin denies user funds were stolen, says service suspension is a proactive security measure

Indian cryptocurrency exchange Unocoin has denied earlier rumors that all platform funds were stolen, stating that no user funds have been lost and that the service suspension is a proactive security measure taken by the platform.

Previously, Unocoin reported on November 9 that its servers had been accessed without authorization, and platform services have been suspended since then. Arkham data shows that approximately 81,000 tracked addresses on the platform show zero holdings, the official website briefly returned a 504 error, and the related on-chain fund movements are still under investigation.