Unocoin says BitGo account freeze remains in effect, but backup keys enabled funds to be moved on-chain

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Unocoin says that after its BitGo account was frozen, funds in its wallet were still moved on-chain through the backup recovery path for a multisig wallet. The company believes this path may have been exploited and is investigating how the keys were obtained and used, but has not yet disclosed who was responsible or the amount of losses. Unocoin says more than 90% of customer crypto assets are held in cold storage.