Unocoin keeps deposits and withdrawals halted over suspect transfers
In short
Unocoin said it is still stopping deposits and withdrawals after suspect transfers were signed outside BitGo’s platform while its account was frozen. The company said the transfers may have happened through a wallet recovery feature.
This affects customer access to moving funds on the exchange while the issue is being handled.
What the reporting says
Unocoin said it is keeping deposits and withdrawals halted after suspect transfers were signed outside BitGo’s platform while its account was frozen. The company said the transfers may have used a wallet recovery feature. The move leaves customer transfer activity paused while the exchange responds to the incident.
Why it matters
Unocoin kept deposits and withdrawals halted after saying suspect transfers were signed outside BitGo’s platform while its account was frozen, with the company suggesting a wallet recovery feature may have been involved. The reported action matters for Unocoin customers and crypto market users because transfer activity on the exchange remains paused.