News Unauthorized Spending Was Not ‘Server Compromise’

Unauthorized Spending Was Not ‘Server Compromise’

-

- Advertisment -Unauthorized Spending Was Not ‘Server Compromise’

Unocoin has announced logins to its exchange will “resume shortly” after an apparent attack saw unauthorized transactions occur on user accounts. In a Monday update to users both on Twitter and its blog, the Indian exchange confirmed it would “refund” any missing coins to users.

At present, traders are unable to log in to accounts, a precaution taken by Unocoin after staff noticed the suspicious activity Sunday.

“We are now working on canceling the pending transactions to users. Unocoin has taken the responsibility to refund the few transactions that happened to get processed,” CEO and co-founder Sathvik Vishwanath writes in the blog post.

Read This: Most Trusted Web Hosting Providers That Accept Cryptocurrencies

Little is known about the circumstances under which the transactions occurred, with Unocoin making no suggestion its security infrastructure remains vulnerable.

“At a moment’s notice, we looked into the matter and stopped all pending transactions and blocked access to our website. We have investigated and this does not a look to be a server compromise.” Vishwanath continued.

The episode follows more teething problems for the exchange late in June, when a further shutdown resulted in data servers being moved to a “more secure” location.

Source link

Unauthorized Spending Was Not ‘Server Compromise’
Bitnewsbot.comhttps://bitnewsbot.com
BitNewsBot.com aggregates the latest news around bitcoin, blockchain, cryptocoin, ICO's and FinTech, from all around the internet and publishes them in a single place.

Latest news

Reasons To Prefer Slot Games Even When You Are Losing

Oh what a wonderful world the slot machine industry is, full of technological evolution and the all-important...

Advice for Responsible Slot Gambling From an ex Addict

Thanks to a combination of improved gameplay and their availability on remote devices, the slots you can...

When You Should Stop Playing Bingo

Since its inception in the late 1800s, Bingo has enjoyed a remarkable rise to popularity, being a...

Why Bitcoin Will Succeed?

If Bitcoin will succeed or not is an interesting question. For the time being, Bitcoin holds a...
- Advertisement -Unauthorized Spending Was Not ‘Server Compromise’Unauthorized Spending Was Not ‘Server Compromise’

Elon Musk Tweets That “Bitcoin” Is Not His Safe Word

By now, you probably know that Elon Musk appears to have knocked up his girlfriend, Grimes. And just when you...

Bitcoin Can Gain 100% In 2020 – Halving Not Priced In, Says Fundstrat

Authored by William Suberg via CoinTelegraph.com, Bitcoin can deliver 100% returns to investors in 2020 and may rise significantly in...

Must read

Reasons To Prefer Slot Games Even When You Are Losing

Oh what a wonderful world the slot...

Advice for Responsible Slot Gambling From an ex Addict

Thanks to a combination of improved gameplay...
- Advertisement -Unauthorized Spending Was Not ‘Server Compromise’Unauthorized Spending Was Not ‘Server Compromise’

You might also likeRELATED
Recommended to you