September 18, 2023
1 min read

Mark Cuban Loses $870K in Crypto Scam

Cuban claims he is “pretty sure” he downloaded a malicious version of MetaMask, which resulted in the hack….reports Asian Lite News

Mark Cuban, an American businessman, investor, film producer, and television personality, lost about $8,70,000 to a crypto scam late on September 15.

On-chain sleuth Wazz first noticed the unusual transactions in the MetaMask cryptocurrency wallet labelled ‘Mark Cuban 2’ on EtherScan. The wallet had been inactive for more than five months, reports CryptoSlate.

“Lmao, did Mark Cuban’s wallet just get drained? Wallet inactive for 160 days and all assets just moved,” Wazz posted on X (formerly Twitter).

The news was first reported by DLNews.

Cuban confirmed that he lost five Ethereum (ETH) tokens, worth around $8,170 at current prices. However, he also lost USD Coin (USDC), Polygon (MATIC), Lido staked Ethereum (stETH), and tokens from SuperRare and Ethereum Name Service, according to the report.

However, the billionaire was able to transfer approximately $2 million USDC from the wallet to Coinbase Custody, preventing the majority of assets from being stolen.

Cuban claims he is “pretty sure” he downloaded a malicious version of MetaMask, which resulted in the hack.

“I went on MetaMask for the first time in months. They must have been watching,” Cuban was quoted as saying.

He also stated that his MetaMask application “crashed a couple times”, after which he locked his non-fungible tokens (NFTs) on OpenSea and removed all of his MATIC from the account.

This is not the first time Cuban has experienced cryptocurrency losses. He lost an unspecified amount of assets when Iron Finance’s TITAN stablecoin collapsed in a rumoured rug pull in 2021, the report said.

Meanwhile, global cryptocurrency exchange CoinEx has announced that its hot wallets were hacked and large amounts of digital assets stolen, which were used to support the platform’s operations.

The incident occurred on September 12, and preliminary assessment indicated that the unauthorised transactions involved Ethereum ($ETH), Tron ($TRON), and Polygon ($MATIC) cryptocurrency.

ALSO READ: Foxconn Plans To Double Investment In India

Previous Story

Foxconn Plans To Double Investment In India

Next Story

Ajay Banga: From India to World Bank’s Helm

Latest from Asia News

India, Malaysia Stand Together on Terror

The Speaker reaffirmed Malaysia’s commitment to peace and thanked the Indian delegation for the briefing on India’s approach to dealing with terrorism at large…reports Asian Lite News An all-party Indian delegation met

Don’t Let Bailout Back Terror, Tharoor Warns IMF

Tharoor expressed his displeasure at the International Monetary Fund for enabling Pakistan thus as they divert those funds to arm themselves to attack India….reports Asian Lite News All-Party Delegation leader and Congress

India Gains Malaysia’s Backing on Terror

The visit of the all-party delegation to Malaysia is part of India’s strategic outreach to garner international support against cross-border terrorism emanating from the soil of Pakistan….reports Asian Lite News An Indian

Hasina Charged with Crimes Against Humanity

The charges, which were made public on Sunday, mark a significant turn in the political landscape of Bangladesh…reports Asian Lite News Former Bangladesh Prime Minister Sheikh Hasina has been formally charged with

Call to Greylist Pakistan Over Terror Links

Freddy Svane, the former Danish Ambassador to India, said that it is high time for the world to acknowledge that Pakistan remains the epicentre of terrorism in the region….reports Asian Lite News
Go toTop

Don't Miss

Centre rejects plans for Crypto

He stated that introduction of CBDC has the potential to

Is India Done With Crypto?

The India government is looking for more time to clarify