Crypto News & Watchlists

Billionaire Mark Cuban Suffers $870,000 in Losses to a Crypto Hack: Report

Business magnate Mark Cuban has reportedly been hacked to the tune of hundreds of thousands of dollars worth of digital assets.

According to a new report by DL News, the billionaire’s MetaMask wallet was hacked and 10 different crypto assets worth $870,000 were stolen from him.

The report finds that Cuban had Ethereum (ETH), Lido staked Ether (stETH), SuperRare (RARE), and Ethereum Name Service (ENS) tokens stolen from him, as well as various unspecified stablecoins. The transfers were first spotted on the blockchain explorer Etherscan by pseudonymous crypto sleuth Wazz.

As stated by Cuban to DL News,

“Someone got me for 5 ETH. I went on MetaMask for the first time in months. They must have been watching…

I’m pretty sure I downloaded a version of MetaMask with some shit in it.”

According to Cuban, the hack occurred when he logged into his account from his phone to clean it up. He says he was unaware of what was happening until DL News contacted him.

Once he was notified, Cuban started locking up his other assets or moving them to other platforms, such as the top US-based crypto exchange Coinbase. None of the billionaire’s other accounts were exploited by the bad actors.

“MetaMask crashed a couple times. I just stopped. Then you emailed me. So I locked my NFTs (non-fungible tokens) on OpenSea. Transferred all my Polygon in the account…

Since I was only working with the account that got hacked, none of my others gave up anything.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Billionaire Mark Cuban Suffers $870,000 in Losses to a Crypto Hack: Report appeared first on The Daily Hodl.

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