Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
This is purely speculation but I'm wondering if Microsoft broke IMAP again in a similar way on this occasion, issued a quick code patch to fix it, but didn't restart the relevant services properly - leaving some accounts to hang in a broken state with the defective code. Affected accounts could simply be the ones that happened to try and connect with IMAP within the time frame it took Microsoft to realise they had a problem.
I suspect the real cause is different from the hypothesized one.
The reason is that issues with my affected account arose not at the beginning of November,
but only later that month when our Exchange tenant was migrated from a local server to the Microsoft O365 cloud. During this procedure classic password authentication was also substituted for OAuth2.
The issues started immediately after.
I must have missed that point in your particular case. It certainly puts a different slant on it. What does your system administrator think of the issue? Did it affect all of the pre-existing accounts that were migrated? Have they had any problems with any new mail accounts created since the migration took place?
I'm still not convinced of any link to the Oauth2 change though. My affected and unaffected accounts were running Oauth2 long before the change. The Microsoft test script requires you to log in as the user you're testing at the start of the script and it is clearly using Oauth2 to do that. The only difference between an affected and an unaffected account is the server response to the LSUB commands.