Thank you for your post!
The Exchange Online PowerShell V2 module (abbreviated as the EXO V2 module) uses modern authentication and works with multi-factor authentication (MFA) for connecting to all Exchange-related PowerShell environments in Microsoft 365: Exchange Online PowerShell, Security & Compliance PowerShell, and standalone Exchange Online Protection (EOP) PowerShell. For more information about the EXO V2 module, see About the Exchange Online PowerShell V2 module.
I hope this helps! If you have any other questions, please let me know.
Thank you for your time and patience throughout this issue.
Please remember to "Accept Answer" if any answer/reply helped, so that others in the community facing similar issues can easily find the solution.