Indian bitcoin exchange Unocoin has vowed to refund customer funds after a few accounts were compromised on 06 august 2017.

CoinDesk reports that while the scope of the thefts is not yet known, they constituted transactions of 0.25 BTC. In an update on the incident, Unocoin said that it has investigated the issue, adding “this does not a look to be a server compromise.”

The company explained:

“Due to our security protocol, just after a few transactions our server identified the pattern and stopped the subsequent transactions by marking it as pending. We are now working on cancelling the pending transactions to users. Unocoin has taken the responsibility to refund the few transactions that happened to get processed.”

Unocoin temporarily suspended logins and blocked access to its website. It also disabled the ability to send transactions and said that the “Send feature will be enabled once our security experts feel that it is perfectly safe to do so.”

Earlier in June, the firm ramped up security measures after few customer accounts were reportedly compromised. In the same month, Unocoin had to temporarily suspend its operations after a security vulnerability was detected.

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