A transaction broadcast to a blockchain is a network record; it does not, by itself, show which custody platform was used to sign it. That distinction is central to an investigation update from Indian crypto exchange Unocoin, reported by ChainCatcher on November 13, 2026, at 15:52 (UTC+8).
Unocoin said the transactions under investigation were signed externally and broadcast directly to the blockchain network, rather than executed through BitGo’s platform. The exchange said it had received information and explanations from BitGo, its custody provider. At Unocoin’s request, BitGo froze the exchange’s corporate account on November 6; Unocoin said the freeze was working as intended.
According to Unocoin’s preliminary investigation, a BitGo multisignature wallet mechanism intended to preserve access to user assets if the service provider became unavailable may have been exploited. That remains a preliminary finding, not a confirmed explanation of how the transactions occurred. The report provides no transaction identifiers or loss amount.