BitGo

Unocoin says funds left a frozen BitGo wallet via a backup key path

Unocoin◼ says BitGo◼'s freeze on its account held on 6 November, yet funds left a wallet BitGo had confirmed as frozen on 13 November. It suspects a backup recovery path in BitGo's multisignature wallets was exploited, while BitGo's documents say its recovery tool lets clients move assets without BitGo and bypass their policies. Unocoin has suspended services since 9 November and is rebuilding its server stack.