Unocoin suspends services after security breach
By Abha Lohia · Editor ·
Unocoin: funding and every story →
- Unocoin is one of India's oldest cryptocurrency exchanges, where users buy and sell digital coins
- It halted all services after finding unauthorised access to its systems, first spotted on 6 November
- It is rebuilding its servers from scratch, which it expects to take four to five working days
What happened
- Unocoin suspended all services on 12 November.
- Unauthorised activity was first detected on 6 November.
- Custody partners froze its enterprise accounts.
- More intrusion was seen on 9 November.
- Servers will be rebuilt with stronger security.
Why it matters
- Customers cannot access their accounts meanwhile.
- The extent of the breach and data exposure is not yet known.
The business
- One of India's oldest crypto exchanges
What happens next
- Rebuild in four to five working days
The numbers around it
Financial Services in November 2026: 6 rounds with a disclosed amount, $176 million in all; the biggest was Kissht (₹832 Cr). Every sector this year →
Terms in this story
- Crypto rules: India has no dedicated crypto law as of November 2026. Crypto is not banned and not formally regulated as a financial product. Exchanges must register with the Financial Intelligence Unit under anti-money-laundering law, and gains are taxed at a flat 30% with a 1% tax deducted at source on transfers.
- CERT-In incident reporting: CERT-In, India's national cyber agency, expects companies to report listed kinds of cyber incidents within six hours of noticing them. A separate duty under the data protection law asks firms to tell the Data Protection Board and affected people when personal data leaks.
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