Mark Cuban's loses $870K in hot wallet hack


16 Sep 2023 3:33 AM

It marks the second time Cuban has lost crypto in unfortunate circumstances, after he admitted to being rugged on a DeFi project back in June 2021. ...

  • Nearly $900,000 worth of crypto was drained from one of Mark Cuban's hot wallets.
  • The hack was first spotted by blockchain sleuth @WazzCrypto on Sept. 15.
  • Assets such as USD Coin (USDC), Tether USD (USDT), and Lido Staked Ether (stETH) were withdrawn from the wallet within a 10-minute window.
  • An additional $2 million worth of USDC was sent to a different wallet, raising suspicions of asset movement.
  • Mark Cuban confirmed the hack and suggested the hacker may have been watching and waiting for an opportunity.
  • Cuban transferred remaining assets to Coinbase Custody, confirming the $2 million USDC transaction was his.
  • Community members speculate that Cuban's own actions may have led to the security breach.
  • This is not the first time Cuban has experienced losses in the crypto market.

The article discusses a crypto hack involving Mark Cuban's hot wallet. The sentiment is negative due to the loss of nearly $900,000 worth of crypto and the potential security breach.

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How much crypto was drained from Mark Cuban's hot wallet?Who first spotted the hack?What assets were withdrawn from the wallet?What did Mark Cuban do after the hack?Has Mark Cuban experienced losses in the crypto market before?

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