Unocoin Keeps Trading Halted During Review of External Wallet Transfers
Unocoin has suspended deposits and withdrawals while examining transactions signed with exchange-controlled keys after BitGo froze the associated account, with the custodian saying its systems were not breached.
Unocoin has suspended deposits and withdrawals while examining transactions signed with exchange-controlled keys after BitGo froze the associated account, with the custodian saying its systems were not breached. This is an original Token Times brief synthesising 2 outlets (Bitcoinist, Cointelegraph), plus live market data, as of Sat, 14 Nov 2026 00:45:02 UTC.
The incident raises questions about how transactions can be authorized after a custodial account is frozen and what safeguards Unocoin has around its keys. Its continued trading suspension leaves customers unable to move funds while the review is underway.
- Unocoin remains unable to process deposits or withdrawals
- BitGo says no breach occurred in its systems
- Transactions used two Unocoin-held keys after the Nov. 6 freeze
- Bitcoin fell 4.63% over 24 hours amid extreme fear
Bitcoinist, Crypto.news and Cointelegraph all report that Unocoin is maintaining its suspension of deposits and withdrawals while investigating transactions involving its BitGo wallet infrastructure. Crypto.news and Cointelegraph say the outgoing transactions were signed with two keys held by Unocoin and broadcast outside BitGo’s platform after the account was frozen on Nov. 6; Bitcoinist also points to activity conducted through a recovery mechanism outside the custodian’s platform, suggesting that external key use may explain how the transfers occurred. The outlets differ in emphasis: Bitcoinist focuses on the possible recovery mechanism and resulting questions, while Crypto.news and Cointelegraph emphasize BitGo’s finding that its own systems were not breached and that the account freeze worked as intended.
- Unocoin Keeps Funds Suspended During BitGo-Linked Transfer Inquiry
- Unocoin Keeps Trading Halted During Review of External Wallet Transfers — this brief
Unocoin has kept deposits and withdrawals suspended as it investigates several outgoing transactions associated with its BitGo wallet infrastructure. The Indian cryptocurrency exchange said the relevant transfers were signed and broadcast outside BitGo’s platform, according to Bitcoinist and Cointelegraph. Crypto.news reports that the transactions were authorized using two keys held by Unocoin after its BitGo account had been frozen on Nov. 6. BitGo’s review found that its systems were not breached. The custody provider said the account freeze operated as expected, while the transactions were authorized with the two exchange-held keys, according to Crypto.news and Cointelegraph. That distinction places the reported activity outside BitGo’s platform rather than presenting it as an unauthorized compromise of the custodian’s infrastructure. The three outlets broadly agree on the combination of a frozen account, externally signed transactions and Unocoin’s continued suspension of customer deposits and withdrawals. Bitcoinist says the transfers may have used a recovery mechanism outside BitGo’s platform, raising additional questions about how they could proceed despite the freeze. Crypto.news and Cointelegraph frame the matter more directly around Unocoin’s possession of the signing keys and BitGo’s assessment that no system breach occurred. No outlet reports a contradiction to that account.
The entities involved are Unocoin, which operates the suspended services, and BitGo, the custodian whose account and platform were examined. The available reports do not identify the amount, destination or customer impact of the transfers. They also do not specify when Unocoin will restore withdrawals or provide a final explanation for how the exchange-controlled keys were used after the Nov. 6 freeze.
The broader market was weak during the reported suspension period. Total crypto market capitalization stood at $2.36 trillion, while 
Bitcoin declined 4.63% over 24 hours and the Fear & Greed Index registered 20, labeled Extreme Fear. Bitcoin was not identified as a coin involved in the Unocoin incident, so these figures provide general market context rather than a direct measure of the transfers. The next points to watch are Unocoin’s completion of its investigation, any further explanation from BitGo about the external signing and recovery mechanism, and a decision on when deposits and withdrawals can resume.
Unocoin Keeps Trading Halted During Review of External Walle — questions & answers
Did BitGo suffer a security breach?
BitGo said its systems were not breached. It attributed the outgoing transactions to signing with two Unocoin-held keys outside its platform.
When was Unocoin’s BitGo account frozen?
The account was frozen on Nov. 6, according to Crypto.news. Unocoin then said the relevant transactions were signed and broadcast outside BitGo’s platform.
Is Unocoin accepting deposits or withdrawals?
No. Unocoin has maintained a suspension of both deposits and withdrawals while it investigates the suspicious transactions.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoinist, Cointelegraph, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.