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Mark Cuban loses 175,000 USDC and thousands of cryptocurrencies in hack

Posted on September 16, 2023 By Brad O'brien

American businessman and billionaire investor Mark Cuban lost hundreds of thousands of cryptocurrencies last night in a hack of his MetaMask wallet.

Cuban found out about the theft after the press consulted him about this hack that the pseudonym chain researcher had detected and reported via Twitter WazzCrypto. After reviewing his wallet, Cuban confirmed to the press that a hacker stole more than $870,000 (USD) in cryptocurrency from him. This includes 175,043 USD Coin (USDC), 12,354 Polygon (MATIC), 697,478 SuperRare (RARE), and 16,671 BitDAO (BIT), among othersaccording to the Etherscan explorer.

The hacker withdrew the cryptocurrencies in about an hour after Cuban logged into MetaMask for the first time in 160 days. Source: Etherscan. The investor revealed that the hack occurred after searching for his wallet on Google to download it instead of on the company’s official website. “I’m pretty sure I downloaded a version of MetaMask with some shit,” he said. “I went to MetaMask for the first time in months. “They must have been watching,” Cuban added, referring to the hacker. As CriptoNoticias has detailed, MetaMask is a browser wallet, and some scammers create fake extensions or applications of this, tricking users into providing their private keys or seed phrases. That way, once these malicious actors gain access, they can withdraw your cryptocurrencies. Notably this type of scam is not inherent to MetaMask. It can also be applied to other wallets and platforms, so it is essential to always make sure you enter the official application and do not provide private data to anyone.

CZ implores to be careful with hacks like Cuban’s

Given the Cuban incident, various actors in the ecosystem warned users to be careful not to fall into a hack like this. Among them, Changpeng Zhao (CZ), the CEO of Binance, the exchange with the largest global trade, projection This case shows that such a scam even “happens to the most experienced cryptocurrency users.” Therefore, he implored the community to train themselves to stay safe. Likewise, the bitcoin (BTC) investor known as Elkaboom he pointed what The Mark Cuban hack joins two others that recognized actors in the ecosystem suffered this month. On the one hand, that of USD 700,000 from Vitalik Buterin, the co-founder of Ethereum, and on the other that of USD 50 million from the online cryptocurrency casino Stake, as reported by CriptoNoticias. Elkaboom commented that “it is very sad to see this happen.” “If big profiles like them can be a victim, you can be too,” he said. That’s why, like CZ and others, he insisted cryptocurrency holders stay safe from scams.

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