Indian Exchange Unocoin Suspected of Hacking: 81,000 Addresses Show Zero Balance
India's crypto exchange Unocoin is suspected of being hacked after unauthorized server access was reported on November 9, 2026. Balances of approximately 81,000 tracked addresses show zero, and Unocoin's official website is currently returning a 504 error, indicating a severe security incident.
Unocoin reported unauthorized server access on November 9, 2026.
81,000 tracked addresses currently show a zero balance.
Unocoin's official website is inaccessible (504 error).
The incident points to a severe hacking event.
Story
India's long-standing cryptocurrency exchange Unocoin is suspected of being hacked. Unauthorized server access was reported on November 9, 2026, leading the exchange to temporarily disable user login functionality. The balances of approximately 81,000 tracked addresses currently all show zero, and Unocoin's official website is returning a 504 error. These signs point to a severe security incident that may have compromised user assets. Such incidents underscore the ongoing security risks in the crypto space and the need for robust protective measures by exchanges. For users, this means an increased risk of losing their deposits and uncertainty regarding the recovery of their funds. The situation at Unocoin is another example of the importance of holding assets on secure platforms and utilizing cold storage where appropriate.
Issue context
The crypto market is in a corrective phase on November 12, 2026, marked by declining prices and a general risk-off sentiment. Bitcoin and Ethereum are experiencing significant drops, and the total market capitalization has fallen by almost 4% in the last 24 hours. Despite this, funding rates for major cryptocurrencies remain positive, indicating that long positions are still paying short positions in perpetual futures markets. This could signal continued leverage even amidst the current downtrend. Market sentiment, as measured by the Fear & Greed Index, stands at 29, indicating "Fear." This development is accompanied by substantial outflows from institutional crypto ETFs, pointing to waning demand from large investors.
Current market movements indicate increased volatility and a tendency towards risk reduction. Pay attention to open interest developments and ETF flows, as these indicators can influence market direction. Be aware that regulatory changes and large on-chain transactions can quickly shift sentiment. Remain vigilant and consider the heightened risks in a deleveraging environment.
Market pulse
Fear & Greed
29
Fear
BTC Funding
+0.0075%
20 perp markets · Open Interest $36.1B
BTC Open Interest
$36.1B
24h volume $59B · basis +0.064%
ETH Funding
+0.0051%
20 perp markets · Open Interest $21B
More from this issue
This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.