Security vulnerability was discovered in Unocoin - India's Bitcoin exchange

An email was received from unocoin that security vulnerability was discovered on their server and they have shut services temporarily. It will be up till Tuesday evening. Good thing is funds are safe. Below is the official email.

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Unocoin Maintenance Notice

Dear Customers,

We regret to inform you that a security vulnerability was discovered on our server on June 23rd at 12:07 PM and it was the result of a server migration that took place on June 14th, 2017 during mid-night. Despite this unfortunate incident, please note that ALL customer funds are safe and secure. As soon as we identified the threat, we stopped customer withdrawals, blocked access to customer accounts and moved our database to read-only mode. We’re also taking this opportunity to upgrade our infrastructure and security protocols. To finish testing our system before going live, we require another day and plan to be online by end of day Tuesday. Your account security and funds are of primary concern to us. To help increase overall security for our users, we will make it mandatory that everyone change their passwords when we go live. Thanks for your patience.

Sincerely,
Sathik Vishwanath
CEO and Co-Founder, Unocoin

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It’s good that they could secure funds and accounts of users or this could be a major news and a major setback of trust for Indians. Like Zebpay, Unocoin is a major Bitcoin exchange in India.

News source: http://www.cryptocurrencybazaar.com/security-vulnerability-was-discovered-in-unocoin-indias-bitcoin-exchange/

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