Unocoin denies hack-loss claims, says outage was precautionary security step

Indian cryptocurrency exchange Unocoin denied allegations that all funds on its platform had been stolen, saying no customer assets were lost and the service suspension was a precautionary security measure. The exchange had suspended services after confirming unauthorized access to its server on Nov. 9. According to Arkham data, around 81,000 addresses linked to Unocoin were shown with zero balances, while the official website temporarily returned a 504 error. An investigation into the related on-chain fund movements is underway.