Financial News
UAE Crypto Exchange Says It Recovered $13.7m in Just 16 Minutes After a Security Breach
M2 Exchange, a crypto exchange based in the United Arab Emirates, recently underwent a security breach involving $13.7 million. The exchange reported that it had acted promptly to resolve the issue, ensuring customer funds were restored and normal operations resumed with heightened security measures implemented.
Cybersecurity company Cyvers discovered odd transactions connected to M2 Exchange that happened on popular blockchain networks like Bitcoin, Ethereum, and Solana. The firm described the hack as an access control violation, detailing that the compromised address received 1,378 ETH, 9.7 million…
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