September 30, 2023

Billionaire entrepreneur and proprietor of the Dallas Mavericks, Mark Cuban, has fallen sufferer to a cryptocurrency rip-off, leading to a lack of roughly $870,000. 

What Occurred: When approached by DL Information, Cuban, on Friday, stated that he was unaware of the pockets actions and revealed that he had misplaced 5 Ethereum ETH, equal to round $8,175 at present costs. 

“Somebody received me for five ETH. I went on MetaMask for the primary time in months. They will need to have been watching,” Cuban advised DL Information when approached concerning the sudden actions in a pockets marked as “Mark Cuban 2” on the blockchain explorer, EtherScan.

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Why It Issues: Cuban’s complete losses reportedly prolonged past 5 Ether, amounting to roughly $870,000 unfold throughout 10 completely different cryptocurrencies. Notable property that have been stolen included quite a lot of stablecoins and numerous tokens equivalent to Lido staked Ether, SuperRare, and Ethereum Identify Service.

“I’m fairly positive I downloaded a model of MetaMask with some s**t in it,” Cuban speculated. He defined that he had been trying to find Circle on Google, not MetaMask, and that the fraudulent MetaMask might have supplied a gateway for the scammers to acquire his personal keys or seed phrases, enabling them to empty his cryptocurrency wallets. 

Cuban described the incident, stating, “MetaMask crashed a pair occasions. I simply stopped. You then emailed me. So I locked my NFTs on OpenSea. Transferred all my Polygon within the account.”

In response to Cuban, he efficiently transferred his remaining property to Coinbase utilizing “the dongle that Coinbase makes use of for authentication.”

The preliminary discovery of the hack was made by blockchain investigator Wazz, who recognized suspicious habits in one in all Cuban’s wallets that the entrepreneur had not interacted with for a number of months.

Worth Motion: On the time of writing, ETH was buying and selling at $1635, up 0.49% within the final 24 hours, in accordance with Benzinga Professional.

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