BitGo: Unocoin Wallet's Recent Outbound Transfers Were Signed by Keys It Self-Custodies; BitGo Systems Were Not Compromised

Odaily reports: According to BitGo monitoring, the Unocoin account was frozen on November 6, and the freeze took effect as expected. BitGo's review found that the recent outbound transactions from the Unocoin wallet were signed by the user key and backup key held by Unocoin, without going through BitGo, and the transactions were broadcast directly on-chain from an external source. The Unocoin wallet uses a 2-of-3 multisig self-custody setup, with Unocoin holding two of the keys and BitGo holding the third key, which has never been used. BitGo stated that its systems were not compromised as a result of this incident, and other clients were unaffected. Questions regarding Unocoin user funds should be directed to Unocoin.