BitGo Denies Breach as Unocoin Probes Wallet Transfers

The dispute turns on custody architecture rather than market structure: BitGo's claim that Unocoin-held keys were used pushes the question of responsibility squarely onto the exchange's key management and backup design. For self-custody and institutional wallet providers, the episode highlights how shared responsibility models can blur accountability when something goes wrong, and how a service suspension can strand users while the facts are contested. Whether the investigation identifies a specific failure point — and whether the two firms' accounts converge — is the open question.