Unocoin halts deposits and withdrawals after suspect transfers outside BitGo
AI summary
Indian exchange Unocoin has kept deposits and withdrawals halted after suspect transfers were signed outside BitGo's platform while its account was frozen, possibly through a wallet recovery feature. The incident raises questions about custody controls at a regulated exchange and could erode user confidence in third-party wallet infrastructure. Traders should watch for further disclosures on whether customer funds were affected.
