Unocoin, one of India's oldest cryptocurrency exchanges, suspended all services and began rebuilding its entire server system after a security breach, leaving customers without access while it investigates the extent of the compromise.
\n\n"Given the circumstances and in the interest of protecting customer assets and data, we took the precautionary decision to suspend all Unocoin services immediately," the exchange said in a security update on Thursday November 12.
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\n\nThe exchange had first detected unauthorised activity on Friday November 6 after which it asked BitGo and Fireblocks, the service providers that hold the crypto balances it needs for daily transactions, to freeze its enterprise accounts. Both confirmed the freezes, and Unocoin said no funds had been lost at that point.
\n\nThe measures did not stop the intrusion as Unocoin detected further unauthorised activity on Monday November 9, despite strengthening vulnerabilities in its systems, following which it then suspended all its services. Its investigation established that its infrastructure had been compromised, but the company had not yet determined how far the breach reached or what information was exposed.
\n\nThe exchange decided to rebuild its servers from scratch and…
Original source: https://www.cnbctv18.com/technology/
