Unocoin Website Down After Security Incident and Zero Wallets

Indian cryptocurrency exchange Unocoin has remained inaccessible to users following a November 9 security incident, while blockchain analytics platform Arkham Intelligence shows zero holdings across approximately 81,000 addresses associated with the exchange.

Unocoin temporarily disabled user logins after discovering unauthorized access to its servers on November 9, assuring customers in a statement that no cryptocurrency funds were lost. However, blockchain analytics account Onchain Lens reported that Arkham Intelligence displayed a portfolio value of $0 across the roughly 81,000 addresses attributed to the platform.

Website Disruption and Server Errors

As of November 12, three days after the initial disclosure, Unocoin’s official website was returning a Cloudflare 504 Gateway Time-out error, indicating the host server was not responding. The exchange has not released any further updates on the investigation, nor has it provided a timeline for restoring normal operations or trading services.

Arkham’s entity tracking relies on identifying blockchain addresses linked to specific organizations, meaning the displayed portfolio represents tracked assets which can differ from an exchange's complete financial holdings. The exchange has not publicly addressed the wallet figures or disclosed whether any assets were transferred between wallets during the investigation.

Key facts

• Unocoin discovered unauthorized access to its servers on November 9 and temporarily disabled user logins.
• Arkham Intelligence data displayed a portfolio value of $0 across approximately 81,000 addresses associated with Unocoin.
• Unocoin’s official website returned a 504 Gateway Time-out error as of November 12.
• The exchange stated in its November 9 announcement that no customer cryptocurrency funds were lost.