UAE-based crypto exchange M2 crypto exchange recently encountered a cybersecurity breach, resulting in the loss of $13.7 million in digital assets. The incident occurred on October 31, at around 3:16 AM local time, as the exchange reported a targeted attack on its hot wallets across multiple blockchain networks, including Bitcoin, Ethereum, and Solana. Despite a quick response from the crypto exchange security team, a significant portion of assets was moved before the breach was contained.
M2 Crypto Exchange Faces $13.7 Million Cyber Attack
According to reports, the cyberattack on M2 crypto exchange targeted three hot wallets holding Bitcoin, Ethereum, and Solana assets. Blockchain security firm Cyvers tracked the stolen assets to a single address, which converted them into Ethereum, totaling around $13 million.
Moreover, the hacker drained approximately $3.7 million in USDT, 97 million SHIB tokens, and 1,378 ETH, of which $10 million remains on the Ethereum network. However, M2 Cryp
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