Crypto NewsTrading News

Mark Cuban Suffers $870k Crypto Loss to Hack

Mark Cuban Suffers $870k Crypto Loss to Hack

Billionaire and entrepreneur, Mark Cuban, loses close to a million dollars in crypto following a fake MetaMask wallet hack.

Mark Cuban, prominent billionaire entrepreneur and Shark Tank star, becomes the latest victim of a crypto hack. The hackers took off with approximately $870,000 worth of crypto assets. Cuban’s digital wallet was the target of hackers who seemingly monitored his activities, patiently waiting for the ideal moment to strike.

The Mark Cuban Crypto Wallet Hack

Blockchain sleuth, Wazz, was the first to discover the unauthorized transaction, having noted suspicious activity in one of Cuban’s wallets. The wallet in question had remained dormant for nearly five months prior to the hack. Wazz raised the alarm on his X post when he said, “Lmao, did Mark Cuban’s wallet just get drained? Wallet inactive for 160 days and all assets just moved”

Cuban’s losses include 175,000 USDC, 4,337 ENS, 338 stETH, and an assortment of native crypto tokens from emerging projects like MATIC, Rarible, BitDAO, and Audious. While talking to DL News, Cuban confirmed the financial setback, saying, “I went on MetaMask for the first time in months. They must have been watching… I’m pretty sure I downloaded a version of MetaMask with some shit in it”

Unfortunately, this is not the first time Cuban has encountered trouble in the volatile world of cryptocurrency. In 2021, he made headlines for losing a significant investment in a pump-and-dump scheme.

Read More: Crypto Fraud: Former Celsius Exec Pleads Guilty to Market Manipulation and Fraud Charges

Other High-Profile Crypto Hacks in the Past Month

However, the Mark Cuban crypto wallet hack is part of a larger, concerning trend. You could say that crypto hackers have been having a busy month. In recent weeks, several high-profile crypto-related cybercrimes have made headlines. saw $41 million drained from its platform. CoinEx lost over $50 million. Even Ethereum co-founder, Vitalik Buterin’s, X account suffered a compromise, leading to a theft of nearly $700,000.


Disclaimer: This article serves solely for informational purposes and should not be construe as financial advice. Thus, we strongly advise readers to conduct thorough research and consult with financial professionals before making any investment decisions.


Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *