![]() ![]() ![]() Crypto exchange CoinEx reportedly lost $27 million in a hack on Sept. When Iron Finance’s TITAN stablecoin collapsed in a supposed rug pull in 2021, Cuban lost an unspecified amount of assets.įurthermore, Cuban is the latest target in a string of high-profile crypto hacks and scams. This is not the first time Cuban has suffered crypto losses. Once the bad actors gain access, they can easily drain assets.Ĭuban said his MetaMask application “crashed a couple times,” after which he locked his non-fungible tokens (NFTs) on OpenSea and moved all his MATIC from the account. Malicious actors often create fake extensions of MetaMask to hoodwink users into divulging private keys or seed phrases. “I went on MetaMask for the first time in months. Malicious MetaMask extensionĪccording to Cuban, he is “pretty sure” he downloaded a malicious version of MetaMask, which led to the hack. Cuban managed to transfer around $2 million USDC from the wallet to Coinbase Custody and save most assets from being stolen. Most of the proceeds from the hack were still lying in the hacker’s wallet at the time of writing. However, he also lost USD Coin ( USDC), Polygon ( MATIC), Lido staked Ethereum ( stETH), and tokens from SuperRare and Ethereum Name Service. The wallet had been inactive for over five months.Ĭuban confirmed the hack to DL News and said he had lost 5 Ethereum ( ETH) tokens, worth around $8,170 at current prices. On-chain sleuth Wazz first pointed out the sudden transactions in the MetaMask wallet labeled ‘Mark Cuban 2’ on EtherScan. Cuban lost crypto assets worth $870,000 in the attack that compromised his MetaMask wallet, according to a DL News report. 18, 2023 at 12:33 pm ET: Clarified the headline that the exploit was effectuated by a fake MetaMask, not the actual wallet software.ĭon’t miss the next big story – join our free daily newsletter.Entrepreneur and investor Mark Cuban, whose net worth is over $5 billion, fell victim to a hack on the night of Sept. If requested by an extension, that would be a clear sign that it was counterfeit.Ĭorrection Sept. ![]() Using a hardware wallet compatible with MetaMask would have protected Cuban from this risk, since there is no seed phrase to import. Only do so when required and if you are sure the application is legitimate. ![]() It is paramount to take care when entering a seed phrase to import a wallet. In the case of MetaMask, the real extension is published by metamask.io and has over 10 million downloads.įor Cuban to have been victimized in this way, he would have had to import a seed phrase into the fake extension, thus revealing his private key to scammers. Typically, a legitimate extension will have many thousands or millions of downloads. When downloading any browser extension - whether or not it is a wallet - one should check that the publisher information is accurate. Proper self-custody of crypto assets is a responsibility. In 2019, he announced that his NBA team would accept bitcoin as payment for tickets and merchandise, marking a significant toward integrating crypto into the mainstream. He clarified that only the account that was hacked had any losses, and his other accounts remained unaffected.īlockworks has reached out to Cuban for comment.Ĭuban has earlier expressed keen interest in cryptocurrencies and blockchain tech, showcasing a blend of enthusiasm and caution. Transferred all my Polygon in the account,” Cuban reportedly told the outlet. He was reportedly looking up stablecoin provider Circle, then mistakenly downloaded what he thought was MetaMask.Ĭuban mentioned that the hack took place while he was attempting to clean up his account using his phone. He suspected that he downloaded a counterfeit version of the widely-used browser extension MetaMask cryptocurrency wallet. He confirmed the hack in response to DL News, stating “someone one got me for 5 ETH.”Ĭuban believed someone must have been tracking his activity, explaining that he came to use MetaMask for the first time in months. However, he was alerted after on-chain sleuths noticed his wallet was being unusually drained, thus preventing further losses.Īn X user identified as WazzCrypto was the first to draw attention to the transfer, raising concerns about its suspicious nature late on Friday.Īfter Cuban became aware of the purported attack, he transferred $2 million worth of USDC to Coinbase. One of the tech mogul’s crypto wallets saw losses of about $870,000 across various cryptocurrencies. “Shark Tank” billionaire Mark Cuban re-engaged in the crypto space over the weekend after months of inactivity, only to fall victim to a hack. ![]()
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