Billionaire investor Mark Cuban loses $870K in crypto in MetaMask wallet hack

Share This Post

Entrepreneur and investor Mark Cuban, whose net worth is over $5 billion, fell sufferer to a hack on the night time of Sept. 15. Cuban misplaced crypto belongings price $870,000 within the assault that compromised his MetaMask pockets, in keeping with a DL Information report.

On-chain sleuth Wazz first pointed out the sudden transactions within the MetaMask wallet labeled ‘Mark Cuban 2’ on EtherScan. The pockets had been inactive for over 5 months.

Cuban confirmed the hack to DL Information and stated he had misplaced 5 Ethereum (ETH) tokens, price round $8,170 at present costs. Nonetheless, he additionally misplaced USD Coin (USDC), Polygon (MATIC), Lido staked Ethereum (stETH), and tokens from SuperRare and Ethereum Title Service.

Many of the proceeds from the hack had been nonetheless mendacity within the hacker’s wallet on the time of writing. Cuban managed to switch round $2 million USDC from the pockets to Coinbase Custody and save most belongings from being stolen.

Malicious MetaMask extension

Based on Cuban, he’s “fairly positive” he downloaded a malicious model of MetaMask, which led to the hack. He advised DL Information:

“I went on MetaMask for the primary time in months. They should have been watching.”

Malicious actors typically create pretend extensions of MetaMask to hoodwink customers into divulging personal keys or seed phrases. As soon as the unhealthy actors achieve entry, they will simply drain belongings.

Cuban stated his MetaMask utility “crashed a pair occasions,” after which he locked his non-fungible tokens (NFTs) on OpenSea and moved all his MATIC from the account.

This isn’t the primary time Cuban has suffered crypto losses. When Iron Finance’s TITAN stablecoin collapsed in a supposed rug pull in 2021, Cuban misplaced an unspecified quantity of belongings.

Moreover, Cuban is the newest goal in a string of high-profile crypto hacks and scams. Crypto change CoinEx reportedly lost $27 million in a hack on Sept. 12.

Final week, Ethereum co-founder Vitalike Buterin’s X account was hacked and used to advertise a fishing hyperlink. The scammers stole round $700,000 price of NFTs and crypto from the victims.

Disclaimer: Our writers’ opinions are solely their very own and don’t replicate the opinion of CryptoSlate. Not one of the data you learn on CryptoSlate ought to be taken as funding recommendation, nor does CryptoSlate endorse any challenge that could be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies ought to be thought of a high-risk exercise. Please do your individual due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no duty must you lose cash buying and selling cryptocurrencies.

Related Posts