M2 swiftly restored services and reimbursed users after a $13.7M security breach, showcasing strong user-centric management. The incident highlighted the importance of robust security measures in the crypto industry and M2’s proactive response. On October 31, 2024, crypto exchange M2 experienced a massive security breach, resulting in a loss of $13.7 million. This happened at…
M2, a UAE-based crypto exchange, experienced a significant security breach that resulted in the loss of $13.7 million in digital assets. In a Nov. 1 statement, the exchange disclosed that the incident occurred on Oct. 31 at approximately 3:16 A.M., noting that while its team responded swiftly to the attack, the breach still led to…
JPMorgan strategist Nikolaos Panigirtzoglou has discussed recent changes in the U.S. M2 money supply, noting a temporary rebound following a decline in April. He expects U.S. liquidity to contract again, similar to 2022, influenced by the Fed’s ongoing quantitative tightening (QT) and slower bank loan growth. JPMorgan Strategist Foresees U.S. Liquidity Contraction Ahead Nikolaos Panigirtzoglou,…