Reported November 13, 2026, at 15:51 (UTC+8). Indian cryptocurrency exchange Unocoin said its investigation had found that the transactions under review were signed externally and broadcast directly to a blockchain network, rather than executed through custody provider BitGo’s platform. This is Unocoin’s account of the transaction path, not an independent analysis of the on-chain records.
Unocoin said it had received information and explanations it requested from BitGo. According to the exchange, BitGo froze its corporate account on November 6 at Unocoin’s request, and the freeze was working as intended.
Unocoin’s preliminary investigation indicated that a BitGo multisignature-wallet backup mechanism—intended to preserve access to user assets if the provider could not provide service—may have been exploited. The exchange said it was still investigating the specific mechanism, any crypto-asset losses and potential information-privacy risks. Work to restore the affected services was also continuing.
The reported distinction matters when reading a transaction record: a transaction broadcast to a blockchain does not, by itself, establish that it was executed through BitGo’s platform. The source provides no transaction identifiers or on-chain dataset with which to assess the transactions independently.