Crypto Exchange M2 Secures User Funds After $13M Hot Wallet Breach

Quick Summary:

The cryptocurrency exchange M2, regulated as a Multilateral Trading Facility (MTF) and Custodian by the Financial Services Regulatory Authority (FSRA) hacked, resulting in a loss of $13 million from its hot wallets.  The exchange, M2 operates on Ethereum, Bitcoin, and Solana.

The address for Ethereum is “0x968b6984cba14444f23ee51be90652408155e142,” while the Bitcoin address is “bc1qu4kh7wa38xpkrp8frgxl4sak88wx0jug8n3vfj.” The theft address of Solana is “Ekko14NvgqdvNttUb8JjXkVGuUs6BTikjfN3hqW4LQoL.” A web 3.0 platform disclosed a suspicious address received 3.7 million USDT, 97 million SHIB, and 1,378 ETH, which later swapped entirely to ETH.

The addresses linked to the stolen assets have made known.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sarayu Krishna

Category: Crypto

Markets: United Arab EmiratesSingapore

Topics: ETHEREUM Bitcoin Solana Hack Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 13:47:35 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 205 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23366425

View Article Analysis

About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 35 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

Frequently Asked Questions