M2 Exchange Hack
REPORTED LOSS
$13.7M
What happened
M2 suffered a $13.7 million cybersecurity incident on October 31, 2024, affecting assets on Bitcoin, Ethereum and Solana. In its November 1 statement, quoted by Crypto.news, the exchange said customer funds had been restored and services were operational. That statement does not establish how much stolen cryptocurrency was recovered.
Technical Root Cause
The available reporting establishes unauthorized wallet outflows but does not establish the initial intrusion or key-compromise method.
Case & protocol details
Classification
CeFi / Infrastructure
How it happened
- Unauthorized outflows affected M2's exchange wallets across Bitcoin, Ethereum and Solana.
- M2 responded to the incident and announced additional controls.
- The exchange said it would take responsibility for potential losses and cooperate with relevant authorities.
Evidence & learning
Sources and on-chain records
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