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CoinGape

Why UAE-Based M2 Crypto Exchange Lost $13.7M in Hack

CoinGape
Summary
Nutrition label

76% Informative

UAE-based M2 crypto exchange faced a $13.7 M cyberattack targeting its hot wallets, affecting BTC , ETH , and Solana .

Hack incidents on CEX platforms have surged by nearly 1,000% year-over-year , highlighting security gaps.

Hackers drained approximately $3.7 million in USDT , 97 million SHIB tokens, and 1,378 ETH , of which $10 million remains on the ETH network.

VR Score

68

Informative language

62

Neutral language

67

Article tone

formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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