What happened
M2 Exchange reported a security breach affecting hot wallets across multiple blockchain networks on October 31, 2024. Opened reporting places the outflow at about $13.7 million in digital assets and says the assets included bitcoin, ether, and Solana assets. M2 said customer funds were restored and services resumed with additional controls.
How it happened
- An unauthorized party accessed M2 hot wallets across multiple networks.
- Digital assets worth an estimated $13.7 million were transferred out during the incident.
- Incident reporting says the outflow included bitcoin, ether, and Solana assets and that most proceeds were converted to ETH.
- M2 said customer funds were restored and services were again operational with additional controls.
Protocol details
Classification
CeFi / Infrastructure
Protocol Type
Exploit/Access control
Protocol links
Website
@m2exchange
Evidence
- report Report explore.m2.com
- report @H4ckManac incident report twitter.com
- report Report cointelegraph.com
- report @CyversAlerts incident report x.com
- report Cyvers 2024 Report media.base44.com
- report Crypto exchange M2 resolves $13.7m incident after hack reports crypto.news
- analysis DeFiLlama defillama.com
- analysis Crypto Security Incidents: October 2024 nominis.io
- analysis M2 crypto exchange hacked for $13M, user funds already restored tradingview.com
- analysis M2 Exchange Hack: A Multi-Chain Heist Revealed quillaudits.com
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