Unocoin Says Wallet Funds Were Still Transferred Out During BitGo Freeze
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On November 13, 2026, Unocoin said that after its BitGo account was frozen, funds from its wallet were still transferred on-chain via the recovery path for a backup of a multisignature 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 the responsible party or the amount lost. Unocoin also said that more than 90% of its customers’ crypto assets are held in cold storage.
AI-written from reports · updated 53 minutes ago
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- CryptopolitanUnocoin says BitGo account freeze remains in effect, but backup keys enabled funds to be moved on-chain
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.
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