How Mark Cuban Got Hacked, Losing Nearly $1 Million in Crypto
Billionaire Mark Cuban fell sufferer to a pockets hack yesterday, which resulted within the theft of roughly $870,000 in crypto. Seizing this incident as a instructing second, Binance CEO Changpeng Zhao urged the group to prioritize their crypto safety.
Arkham Intelligence, a blockchain analytical agency, reported that Cuban managed to forestall a extra vital loss by swiftly transferring his remaining belongings to Coinbase earlier than the hacker might seize all of them.
Mark Cuban Was Hacked
On-chain analyst WazzCrypto was the primary to report on the $870,000 breach. According to the analyst, the attacker focused a pockets that had lain dormant for almost 160 days earlier than the exploit.
At first, it appeared Mark Cuban was transferring his belongings to a brand new pockets. However, irregularities within the transaction sample raised suspicions.
WazzCrypto highlighted that the proprietor of the Dallas Mavericks managed to switch roughly $2.5 million in USDC to Coinbase, thwarting the attacker’s plans to grab these funds as nicely.
“[Mark Cuban] transfered $2M $USDC he had on Matic too, but to a different wallet than the ETH one. Seeing as he made a test tx first this time, Im gonna assume it’s actually him moving funds here,” WazzCrypto famous.
Cuban later confirmed the hack, stating it occurred after he downloaded a model of MetaMask with malware.
“I’m pretty sure I downloaded a version of MetaMask with some sh*t in it. MetaMask crashed a couple times. I just stopped.. So I locked my NFTs on OpenSea. Transferred all my Polygon in the account,” Cuban mentioned.
It is value noting that Cuban stands out as a outstanding determine within the crypto market. He has backed a number of crypto tasks, together with OpenSea, and champions pro-crypto laws.
Reacting to Cuban’s misfortune, Binance CEO Changpeng Zhao (CZ) shared insights on how people can higher shield their crypto belongings. He shared a complete article detailing preventive measures in opposition to potential thefts, emphasizing that even seasoned customers are vulnerable.
In his put up, CZ mentioned strategies for securing non-public keys and facilitating their safe switch to heirs. CZ has been proactively guiding the group on crypto asset safety of late.
“Even or especially when you manage your own wallet, there are many more security procedures you need to follow,” CZ added.
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