In a report published on November 13, 2026, Foresight News said Indian crypto exchange Unocoin had received the information and clarifications it requested from BitGo. According to Unocoin, BitGo froze its corporate account on November 6 at the exchange’s instruction, and the freeze mechanism operated as expected.
Unocoin said the transactions in question were signed and broadcast directly on-chain by an external party, without going through BitGo’s platform. It suspects that a backup feature of its BitGo multisignature wallet—which is designed to preserve access to funds if BitGo becomes unavailable—may have been exploited. The exchange said it was still investigating the mechanism, potential crypto-asset losses and information-privacy issues, while working to restore services.
Foresight News previously reported that Unocoin first detected unauthorized activity on November 6. It requested freezes of its Fireblocks and BitGo corporate accounts at 19:24 and 19:29, respectively, that day. After detecting further unauthorized activity on November 9, it suspended all services.
Original report: Foresight News · Published November 13, 2026, at 14:52 (UTC+8).