M2, a centralized cryptocurrency exchange, recently reported a security breach where hackers stole around $13.7 million worth of assets from its hot wallets, impacting Bitcoin, Ethereum, and Solana holdings. The incident, which was quickly disclosed by the exchange, led to the company compensating all affected users in full. M2 stated that it has implemented enhanced security measures to prevent future breaches and ensure uninterrupted services. This hack is part of a rising trend in cryptocurrency thefts, with hacks becoming increasingly common in 2024, affecting centralized exchanges disproportionately due to their structure and asset accessibility.