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Market News

Mark Cuban’s Wallet Crypto Hacked For $870k Of Assets

The billionaire entrepreneur falls for a fake MetaMask wallet scam, which causes a loss of hundreds of thousands of dollars in crypto assets.

Written By Gopal Solanky
Published September 16, 2023 7:07 AM·Updated 7 months ago
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Mark Cuban’s Wallet Crypto Hacked For $870k Of Assets

Prominent entrepreneur Mark Cuban’s crypto wallet was hacked on Friday, with the attacker successfully draining approximately $870k of crypto assets.

The stolen assets include 175k in USDC, 4,337 ENS, 338 stETH and several other native crypto tokens of promising projects such as MATIC, Rarible, BitDAO and Audious.

Mark Cuban Hacker Address
Mark Cuban Hacker Address – Etherscan

Noted by a X user WazzCrypto, the wallet – tagged as ‘Mark Cuban 2’ on Etherscan –  was quite inactive for days transferred all assets in a series of transactions on 16 September.

Lmao, did Mark Cuban's wallet just get drained?

Wallet inactive for 160 days and all assets just moved pic.twitter.com/vWnMZFyHB5

— Wazz (@WazzCrypto) September 15, 2023

“I went on MetaMask for the first time in months. They must have been watching,” Cuban confirmed to DL News. He assumed that it was just 5 ETH that was moved from the wallet. However, the total amount was over $870k.

“I’m pretty sure I downloaded a version of MetaMask with some shit in it,” he further said, as the downloaded MetaMask wallet was crashing.

The American billionaire has apparently fallen for a fake wallet scam, which is widely used by hackers to target crypto users. It is suggested to download or access crypto wallets and dApps only from the project’s official website and not by searching for them wildly on Google. 

Cuban later managed to transfer the remaining assets to a Coinbase wallet, which provides advanced security. “Since I was only working with the account that got hacked, none of my others gave up anything,” he clarified.

Also Read: Hacker Group Konni Uses WinRAR Vulnerability To Steal Crypto

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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