In wake of Ethereum’s Vitalik Buterin’s X account being hacked, Dallas Mavericks owner Mark Cuban has become the latest A-list name to be pawned as part of a crypto scam.
Such news arose after an on-chain community sleuth discovered that a mass ‘token exodus’ had taken place on Cuban’s wallet, despite it being inactive for 160 days.
Here, the portfolio of stolen tokens - said to worth around $870,000 - included USD Coin (USDC), Tether USD (USDT), Staked Ethereum (stETH), SuperRare (RARE), Polygon’s MATIC, and Ethereum Name Service (ENS) domains.
Lmao, did Mark Cuban's wallet just get drained?
— Wazz (@WazzCrypto) September 15, 2023
Wallet inactive for 160 days and all assets just moved pic.twitter.com/vWnMZFyHB5
After being alerted of the ‘grand theft token,’ Cuban was able to log into the wallet and salvage his remaining $2.5 million worth of Polygon (MATIC) by transferring them to a Coinbase wallet.
Although not confirmed as of yet, the tech billionaire has told news outlets that the source of the phishing attack was probably a fake MetaMask wallet that he’d downloaded.
The attack is the second high-profile crypto scam to occur in the past week, as although none of his actual funds were the ones to be taken, Vitalik Buterin’s compromised X account recently led to almost $700K worth of his followers’ tokens being stolen.
On another note, Cuban’s wallet hack also illustrates the sheer wealth of the man, as well as his general lack of concern for more ‘trivial’ assets that sit outside of his primary portfolios (said to be worth a collective $5.2 billion).
Here, we can attribute Cuban as one of the world’s 88,200 crypto millionaires, however it’s hard to determine how many of these would also fail to instantly realise if $870,000K worth of tokens had been taken from their wallets.
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This article is intended for educational purposes and is not financial advice.
