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Billionaire Mark Cuban Lost About $1 Million In A Crypto Scam
09/18/2023

Billionaire Mark Cuban Lost About $1 Million In A Crypto Scam

09/18/2023
4,2

Over the weekend, billionaire and investor Mark Cuban lost $870,000 in a crypto scam.

The entrepreneur claims that his MetaMask wallet remained inactive for several months. Once he logged in to check his balance, he noticed that his assets were missing. He probably followed a phishing link or used the wallet's fake mobile app. It's worth noting that Cuban was unaware of the attack until DL News reached out to him.

Wazzcrypto analyzed the blockchain data and concluded that stablecoins, stETH and RARE tokens, as well as some Ethereum Name Service domains were missing from Cuban's wallet. However, the billionaire managed to transfer MATIC worth $2.5 million to the Coinbase exchange.

This incident once again proves to the crypto community that even the most influential minds in the industry are not immune to fraudulent attacks. Earlier this month, Vitalik Buterin's X-account was hacked, causing the Ethereum co-founder's followers to lose up to $700,000.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Vitalik Buterin Coinbase Exchange MetaMask


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