Billionaire investor Mark Cubanfell victim to a hacker attack on his MetaMask, resulting in the loss of $870,000. After the attack was confirmed, Cuban transferred the rest of his funds to another crypto-wallet on Coinbase.
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The owner of the NBA's Dallas Mavericks team , Mark Cuban, saw his MetaMask crypto-wallet empty of $870,000 worth of cryptocurrencies!
Wazz, a blockchain:
In fact, the compromised crypto-wallet is located on MetaMask and is identified on Etherscan as Mark Cuban 2. This association has to do with the billionaire investor. After 160 days of inactivity, the blockchain expert noticed a somewhat suspicious movement in the investor’s funds.
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Shortly after, Mark Cuban confirmed that his wallet was hacked, to cryptocurrency news outlet DL News.
Despite the estimated loss of $870,000, Mr. Cuban decided to move the rest of his crypto from MetaMask to a Coinbase Custody crypto-wallet. Not only that, but the billionaire investor also claimed that he had locked his NFTs on OpenSea.
Based on this incident, encryption company Arkham highlighted the following:
In fact, Mark Cuban’s remaining crypto holdings were a huge amount, specifically $2.5 million USDC, which was transferred to Polygon. Towards the end of last year, Cuban revealed his view on investing in Bitcoin instead of gold.
According to the billionaire investor, Bitcoin could be a smart investment compared to gold. The reason is that this gold is not in the hands of the investor. For Cuban, the important thing is to own what you invest in. When you invest in gold, however, you rarely own it. For this reason, he believes that gold investors are “naive”, while he characterizes Bitcoin as “a decent investment”.
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Prominent members of the cryptocurrency community have also suffered hacks. Days ago, Vitalik Buterin 's account on X, formerly Twitter, was hacked for promoting a cryptocurrency scam that resulted in the loss of over $690,000 to those who fell for the scam. The #Ethereum founder later confirmed that he was the victim of a SIM swap attack.
