Copy link
Increase text size
Decrease text size
Link copied

Mark Cuban's Crypto Assets Targeted in Cyberattack, Blockchain Detective Unravels the Scene

Mark Cuban faced a cyberattack, with nearly $900,000 in crypto assets being taken. Blockchain expert Wazz provided insights into the mysterious transaction.

Mon, 18 Sep 2023, 06:26 am UTC

A cyberattack saw a sum approaching $900,000 in cryptocurrency vanish from a wallet linked to Mark Cuban, the billionaire Dallas Mavericks owner. Wazz, a noted blockchain detective, was among the first to identify the unusual activity on September 15, pointing out odd transactions involving Cuban's wallet – a wallet that hadn't been accessed by Cuban in about half a year.

Based on the Etherscan transaction records, the abrupt withdrawals involved cryptocurrencies such as USD Coin (USDC), Tether (USDT), and Lido Staked Ether (stETH), all transacted in a brief span of 10 minutes. The enigma deepened when another transfer, involving roughly $2 million in USDC, was made to a different crypto wallet. This triggered Wazz to theorize that maybe Cuban was just rearranging his assets.

Yet, Mark Cuban, in a discussion with DL News, indicated his recent use of MetaMask after a considerable hiatus. He hinted at the possibility that cyber criminals had been monitoring his actions, awaiting the perfect opportunity. He also mentioned his subsequent move to transfer the remaining assets to Coinbase Custody, indirectly verifying that the $2 million USDC shift was initiated by him.

Community insiders and enthusiasts began to debate the incident's root cause. While some believed the breach might have been due to Cuban's unintentional approval of a malicious transaction, others speculated that Cuban's private key had been compromised. This is supported by the fact that funds were directly removed from the wallet.

Long before diving into cryptocurrencies, Mark Cuban established his reputation through diverse investments. His portfolio boasts of successful ventures in the tech industry, notably his acquisition of Broadcast.com, which he sold to Yahoo.

Moreover, Cuban's commitment to the Dallas Mavericks and his consistent appearances on the entrepreneurial show “Shark Tank” showcase his keen eye for potential start-ups and innovative ideas. These previous ventures highlight Cuban's adaptability and foresight in the ever-evolving world of business and finance.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

  • PUBLISH (NEWS) $0.000468 (-28.27%)
  • Bitcoin (BTC) $26,191.90 (+0.22%)
  • Ethereum (ETH) $1,585.76 (+0.82%)
  • Tether USDt (USDT) $0.999791 (-0.01%)
  • BNB (BNB) $211.74 (+1.71%)
  • XRP (XRP) $0.500634 (+0.67%)
  • PUBLISH (NEWS) $0.000468 (-28.27%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.