UAE-based crypto exchange M2 experiences a $13.7M cybersecurity incident.

Quick Summary:

Crypto Exchange M2 Experiences $13.7M Cybersecurity Incident In a concerning development within the cryptocurrency landscape, UAE-based crypto exchange M2 reported a significant cybersecurity incident involving $13.7 million on October 30, 2024.

The breach occurred at 23:16 UTC and was swiftly addressed by the exchange by 23:32 UTC, demonstrating a rapid response to mitigate potential damages.

This incident serves as a critical reminder of the importance of robust cybersecurity in the cryptocurrency industry and the need for continuous vigilance to safeguard digital assets.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News UAE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 16:09:38 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 758 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23365510

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 35 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #121

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