Cryptocurrency [loss] $14M+

"Security Update"

2024-10-31 [vendor] M2 [chain] ethereum, bitcoin, solana
Primary Source ↗
Financial Loss $13.7M (13,700,000 USD)
Blockchain(s) Ethereum, Bitcoin, Solana

Incident Details

The UAE-based M2 cryptocurrency exchange was hacked for $13.7 million in bitcoin, ether, and Solana tokens. The exploiter compromised several of the exchange’s hot wallets to take the funds.Shortly after the theft, M2 acknowledged the hack and announced that “the situation has been fully resolved”. This apparently involved M2 restoring customer funds from their own assets, rather than recovering the stolen assets.

Total loss estimated at $13,700,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
M2

Timeline

  1. 2024-10-31 Breach occurred
  2. 2024-10-31 Publicly disclosed