Billionaire Mark Cuban Lost $870,000 in Cryptocurrency Wallet Hack

The owner of the Dallas Mavericks basketball team, Mark Cuban, suffered from a hacker attack – they gained access to his hot wallet and withdrew $870,000 worth of crypto assets. The hack was reported by a blockchain analyst under the pseudonym Wazz.

He discovered that all crypto assets were withdrawn from Mark Cuban’s wallet, while the billionaire’s address had been inactive for about 5 months before. The attackers managed to withdraw 175,000 USDC tokens, 4,860 USDT, 7,020 RARI, 12,360 MATIC, and 338.21 stETH. The billionaire also lost 5.29 ETH, 8,247 WETH, 697,480 RARE, 16,670 BIT, 5.92 GOHM and 10,000 AUDIO.

As Mark Cuban himself later admitted, it seems that the attackers infected his computer with a virus and patiently waited for him to enter the MetaMask wallet. When this happened, they started withdrawing funds. The billionaire noticed this and moved 3.049 million USDC stablecoins to the Coinbase Custody wallet to store them.

However, his total losses amounted to $870,000. Recall that in 2021, Mark Cuban lost an unknown amount of money in the fraudulent DeFi project Iron Finance. Then he said that this industry needs to be regulated.