Mark Cuban Loses $870K in Metamask Scam But Manages to Save Remaining Assets
Coinpedia
16 Sep 2023 7:19 AM
Billionaire investor and Dallas Mavericks owner Mark Cuban confirmed a loss of approximately $870,000 in a sophisticated crypto hack. The stolen assets...
- Billionaire investor Mark Cuban confirmed a loss of approximately $870,000 in a sophisticated crypto hack.
- The stolen assets included Ethereum (ETH), USD Coin (USDC), and Polygon (MATIC).
- The hack was discovered by a pseudonymous blockchain detective named Wazz, who noticed suspicious transactions from an Ethereum address tagged as "Mark Cuban 2."
- Cuban revealed that he had downloaded a corrupted version of the MetaMask wallet, which likely served as the entry point for the hackers.
- Cuban managed to save $3 million worth of USDC by quickly transferring it to his Coinbase account.
- This incident highlights the ongoing cybersecurity issues in the crypto sector and serves as a cautionary tale for both individual investors and corporations.
The sentiment of the article is negative, as it discusses the loss suffered by Mark Cuban in a crypto hack and highlights the cybersecurity issues in the crypto sector.
You May Ask
Who confirmed a loss of approximately $870,000 in a crypto hack?What were the stolen assets in the hack?How did the pseudonymous blockchain detective Wazz discover the hack?What was the probable cause of the hack, according to Mark Cuban?What lesson does Mark Cuban's hack serve as for both individual investors and corporations?