India's Bitcoin exchange Unocoin to repay customers after account thefts

posted 2 months ago
Users of Unocoin reported that their funds had been stolen over the weekend, prompting the India-based bitcoin exchange to temporarily close and begin issuing reimbursements.

The scope of the thefts – constituting transactions of 0.25 BTC from an undisclosed number of accounts – is not yet immediately known.

The startup – which operates both an exchange service as well as a hosted wallet – indicated that the incident only a small subset of its customers base.

That said, Unocoin accepted the blame for the thefts and said that it would refund the affected users.
Tags: news, bitcoin