Unocoin says funds left a frozen BitGo wallet via a backup key path
HACKBitGocoinbrief/daily · 1 source
- Severity
- High
- Sources
- 1
What happened
Indian crypto exchange Unocoin says money was taken from one of its wallets even though its custody provider, BitGo, had frozen the account. Unocoin believes a backup recovery route built into BitGo's wallets was used, but it does not know who did it or how much was lost.
Like I’m new · Written by AI from 1 source · Wrong?
What to do
- Watch for Unocoin's confirmation of the total amount lost and the cause of the backup key use.
- Watch for any BitGo response on how its recovery path was reached.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
Cryptopolitan