Posted 9/18/2023, 2:30:00 PM

Mark Cuban Loses $870K in Crypto Scam That Drained Tokens from His Wallet

Mark Cuban, billionaire NBA team owner, lost $870,000 in a crypto scam that drained tokens from his wallet.
The hack occurred after a period of inactivity and drained 10 types of tokens including USDC and Ethereum.
Cuban believes he may have downloaded a compromised version of the MetaMask crypto wallet.
Scammers often promote versions of MetaMask with malware that let them access wallets.
Cuban quickly locked his NFTs on OpenSea and transferred remaining tokens after being alerted to the hack.

fortune.com

Relevant topic timeline:

9/16/2023

Mark Cuban Loses $870K in Crypto Hack, Quick Action Limits Further Losses

Billionaire Mark Cuban lost around $870,000 in a crypto wallet hack, prompting Binance CEO Changpeng Zhao to urge the community to prioritize crypto security. Cuban managed to prevent further losses by moving his remaining assets to Coinbase before the attacker could seize them.