Almost $900,000 value of crypto was reportedly drained from one of many sizzling wallets belonging to billionaire investor and Dallas Mavericks proprietor Mark Cuban.
Unbiased blockchain sleuth @WazzCrypto was the primary to identify the hack on Sept. 15 at round 8 PM UTC, after they highlighted suspicious conduct occurring with one in every 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 accordance with the transaction historical past on Etherscan, a number of batches of belongings resembling USD Coin (USDC), Tether (USDT) and Lido Staked Ether (stETH) have been instantly withdrawn from the pockets inside a 10- minute window.
Including complexity to the matter, one other $2 million value of USDC was then additionally withdrawn and despatched to a unique pockets, main WazzCrypto to suspect that Cuban might have simply been transferring belongings round.
Nonetheless, just a few hours later Cuban then confirmed to DL Information that he had gone on MetaMask for the primary time in months, and vaguely suggested 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, primarily confirming that the $2 million USDC transaction was him.
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By way of the hack, members of the neighborhood have been fast to level out that versus hackers watching Cuban’s exercise, he will need to have achieved one thing that led to the safety breach.
Some instructed that Cuban might have mistakenly signed a malicious transaction, whereas others asserted that his non-public key was compromised on condition that the funds have been straight transferred out of the pockets.
This isn’t the primary time Cuban has taken successful within the crypto market.
Again in June 2021, Cuban misplaced an unspecified quantity of capital on what he referred to as a “rug pull” after an algorithmic stablecoin venture referred to as Iron Finance imploded amid a supposed financial institution run.
Journal: Hodler’s Digest, Aug. 27 – Sept. 2: SEC delays BTC ETF determination, Grayscale triumphs over SEC and BitBoy will get the boot
