![]() On occasion, hacks and security breaches are not a result of user error. The story comes amid a surge in the number of Indians getting into Bitcoin, often without any prior knowledge of how the cryptocurrency works. Upon purchasing the Bitcoins, a password reset link appeared in the user’s email address, followed by two transactions leaving their Unocoin account, while a third was “unsuccessful.” “The hack seems to have happened on the Unocoin server where both the password reset link and OTP are generated.” “I have been using Google Authenticator for two-factor authentication in my Gmail account for years and my mobile number has not been compromised,” the user told the publication. ![]() A user of Indian Bitcoin exchange Unocoin allegedly saw hackers steal 120,000 rupees ($1,860) from their account last week.Īs local news resource FactorDaily reports, a Bangalore computer scientist, who asked not to be named, purchased BTC through Unocoin’s app, only to watch hackers steal the subsequently credited funds. ![]()
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