Hack history / 2024 / Hack or exploit
M2 Exchange
Hack or exploit on Oct 31, 2024 · Hot Wallet Key Compromised
SOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$13.7M
dollars at the time
Returned
none listed
as the sources state it
Rank
#248
among thefts by dollars lost
What happened
On October 31, 2024, M2 Exchange's hot wallets were compromised via an access control vulnerability across multiple blockchains, draining 3.7M USDT, 97M SHIB, 1,378 ETH (~$13.7M total). The exchange detected and froze assets within 16 minutes, restoring customer funds from reserves.
Details
- Date
- Oct 31, 2024
- Kind
- Hack or exploit
- Method
- Hot Wallet Key Compromised
- How in
- Keys, accounts and infrastructure
- Target
- Centralized exchange
- Chains
- Ethereum, Solana, Bitcoin
After the theft
- Frozen
- yes, amount not stated
“The exchange detected and froze assets within 16 minutes, restoring customer funds from reserves.” (DefiLlama) - Victims reimbursed
- yes, amount not stated
“The exchange detected and froze assets within 16 minutes, restoring customer funds from reserves.” (DefiLlama)
Related incidents
Cite this page
SwanBluechip, "M2 Exchange hack, Oct 31, 2024: $13.7M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htf0c64b758d/ (data as of 2026-10-31).