India's Unocoin Denies "All Funds Stolen," Says Service Suspension Is a Proactive Security Measure

November 12: Indian crypto exchange Unocoin has denied claims that "all funds were stolen." Its services remain suspended after its servers were compromised on November 9. Unocoin said "no user funds were lost" and described the suspension as a "proactive security measure."

Previously, Unocoin reported unauthorized access to its servers on November 9; Arkham shows zero holdings across its 81,000 tracked addresses, its official website returns a 504 error, and related on-chain fund movements are still under investigation.