Spread the red velvet cake mix over a baking sheet lined with parchment paper.
Bake in the oven for 5-8 minutes (until you start to smell the sweetness baking).
Remove from the oven and allow to cool.
Add the cake mix and powdered sugar to a resealable bag (ziplok bag) and shake to mix well. Put to one side.
In a bowl, break up the chocolate then heat in the microwave in 30 second increments, stirring in between, until the chocolate is completely melted.
Stir in the cream.
Add the Chex cereal to another large mixing bowl and pour the chocolate over the top.
Carefully stir the cereal together with the chocolate until evenly coated then, working in batches, add the chocolate covered cereal to the bag with the cake mix and sugar and shake until fully coated.
Remove the cereal pieces onto a baking sheet lined with parchment paper.
Repeat with the remaining cereal, then allow the pieces to dry for about an hour.
Mix with the M&Ms and sprinkles and place in a bowl to serve.
Notes
Storage:Store at room temperature in a large airtight container, or separate it into plastic gift bags. As long as the container or bag seals for storage it will will keep for 1-2 weeks.Keep out of direct sunlight and away from any heat sources or it can get melty.This recipe doesn't freeze well.Tips:
Don't like to use the microwave? You can melt the chocolate in a double-boiler, instead. Watch carefully so it doesn't burn.
Let the coated cereal pieces dry fully before mixing them in with the candy. This way, the M&Ms and sprinkles stay colorful and bright.