According to Shenchao TechFlow, on November 1, the official M2 cryptocurrency exchange released a security update this morning stating that at 3:16 AM (GMT+4) on October 31, M2 experienced a cybersecurity incident valued at $13.7 million, with the team responding swiftly in 16 minutes. M2 stated that the incident has been fully resolved, customer funds have been restored, and they promised to cover all potential losses, demonstrating their commitment to safeguarding customer interests. Currently, all platform services have been fully restored, and additional security control measures have been implemented. M2 is actively cooperating with relevant legal and regulatory authorities to ensure that this incident is thoroughly addressed.
According to previous reports, on-chain detective ZachXBT disclosed on his personal channel that the cryptocurrency trading platform M2 was hacked yesterday, with approximately $13 million stolen from multiple on-chain hot wallets.
