Almost $900,000 price of crypto was reportedly drained from one of many scorching wallets belonging to billionaire investor and Dallas Mavericks proprietor Mark Cuban.
Impartial blockchain sleuth @WazzCrypto was the primary to identify the hack on Sept. 15 at round 8 PM UTC, after they highlighted suspicious habits occurring with certainly one of Cuban’s wallets that the 65-year-old hadn’t interacted with for roughly 5 months.
Lmao, did Mark Cuban’s pockets simply get drained?
Pockets inactive for 160 days and all belongings simply moved pic.twitter.com/vWnMZFyHB5
— Wazz (@WazzCrypto) September 15, 2023
In line with the transaction historical past on Etherscan, a number of batches of belongings resembling USD Coin (USDC), Tether (USDT) and Lido Staked Ether (stETH) had been abruptly withdrawn from the pockets inside a 10- minute window.
Including complexity to the matter, one other $2 million price of USDC was then additionally withdrawn and despatched to a special pockets, main WazzCrypto to suspect that Cuban might have simply been shifting belongings round.
Nevertheless, a couple of hours later Cuban then confirmed to DL Information that he had gone on MetaMask for the primary time in months, and vaguely recommended that the hacker or hackers might have been watching and ready for a second to pounce.
Cuban added that he had transferred any remaining belongings to Coinbase Custody, basically confirming that the $2 million USDC transaction was him.
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By way of the hack, members of the group had been fast to level out that versus hackers watching Cuban’s exercise, he will need to have performed one thing that led to the safety breach.
Some recommended that Cuban might have mistakenly signed a malicious transaction, whereas others asserted that his non-public key was compromised provided that the funds had been instantly transferred out of the pockets.
This isn’t the primary time Cuban has taken a success within the crypto market.
Again in June 2021, Cuban misplaced an unspecified quantity of capital on what he known as a “rug pull” after an algorithmic stablecoin undertaking known as Iron Finance imploded amid a supposed financial institution run.
