According to Odaily, cryptocurrency exchange platform M2 recently addressed a security incident that occurred on October 31, 2024, at 15:16 UTC+8. The incident involved a breach resulting in the loss of $13.7 million. M2 responded swiftly at 15:32 UTC+8, and the situation has been fully resolved with customer funds restored. M2 has taken full responsibility for any potential losses and has implemented additional control measures. All services are now fully operational.
M2 emphasized its commitment to maintaining security and compliance standards. The platform is actively cooperating with relevant legal and regulatory authorities to ensure the matter is thoroughly and appropriately handled. Previously, on November 1, 2024, blockchain investigator ZachXBT disclosed on his personal channel that M2 had been hacked the previous day, with attackers stealing approximately $13 million from multiple on-chain hot wallets.