Indian crypto exchange Unocoin has frozen user accounts after detecting unauthorized access and suspicious outgoing Ethereum transactions from a BitGo wallet linked to its operations. While Unocoin claims no user funds have been lost and that over 90% of assets are in cold storage, the investigation by BitGo is ongoing, and users remain locked out. The exchange is rebuilding its server infrastructure, expected to take 4-5 business days, but has not provided a timeline for restoring user access or a full incident report. The situation raises concerns about the security of funds held in hot wallets and the effectiveness of the freeze on custodial accounts.
The Unocoin user lockout and flagged BitGo ETH transactions provide context for crypto market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 12, 2026 22:32 WIB: out of 50 priced major cryptocurrencies, 6 rose and 43 fell. Notable movers include BAL at Rp16.297 with a +11.14% change, ENJ at Rp379 with a -8.93% change, and EOS at Rp12.649 with a +8.13% change.
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