Today: 4 August 2025
18 September 2023
1 min read

Mark Cuban Loses $870K in Crypto Scam

Cuban claims he is “pretty sure” he downloaded a malicious version of MetaMask, which resulted in the hack….reports Asian Lite News

Mark Cuban, an American businessman, investor, film producer, and television personality, lost about $8,70,000 to a crypto scam late on September 15.

On-chain sleuth Wazz first noticed the unusual transactions in the MetaMask cryptocurrency wallet labelled ‘Mark Cuban 2’ on EtherScan. The wallet had been inactive for more than five months, reports CryptoSlate.

“Lmao, did Mark Cuban’s wallet just get drained? Wallet inactive for 160 days and all assets just moved,” Wazz posted on X (formerly Twitter).

The news was first reported by DLNews.

Cuban confirmed that he lost five Ethereum (ETH) tokens, worth around $8,170 at current prices. However, he also lost USD Coin (USDC), Polygon (MATIC), Lido staked Ethereum (stETH), and tokens from SuperRare and Ethereum Name Service, according to the report.

However, the billionaire was able to transfer approximately $2 million USDC from the wallet to Coinbase Custody, preventing the majority of assets from being stolen.

Cuban claims he is “pretty sure” he downloaded a malicious version of MetaMask, which resulted in the hack.

“I went on MetaMask for the first time in months. They must have been watching,” Cuban was quoted as saying.

He also stated that his MetaMask application “crashed a couple times”, after which he locked his non-fungible tokens (NFTs) on OpenSea and removed all of his MATIC from the account.

This is not the first time Cuban has experienced cryptocurrency losses. He lost an unspecified amount of assets when Iron Finance’s TITAN stablecoin collapsed in a rumoured rug pull in 2021, the report said.

Meanwhile, global cryptocurrency exchange CoinEx has announced that its hot wallets were hacked and large amounts of digital assets stolen, which were used to support the platform’s operations.

The incident occurred on September 12, and preliminary assessment indicated that the unauthorised transactions involved Ethereum ($ETH), Tron ($TRON), and Polygon ($MATIC) cryptocurrency.

ALSO READ: Foxconn Plans To Double Investment In India

Previous Story

Egypt’s CLOUDTECH SUMMIT 2.0 Set to Elevate Tech

Next Story

Ajay Banga: From India to World Bank’s Helm

Latest from Asia News

Hamas Sets Terms For Disarmament

HAMAS: ‘The resistance and its weapons will not be abandoned until our full national rights are restored, foremost among which is the establishment of an independent, fully sovereign Palestinian state’ Hamas affirmed

Statehood For Palestine

Analysts see the general move as a deliberate push to revive a stagnant peace process long controlled by Israel, Hamas and the United States, all of whom, they say, have shown little

Famine grips Gaza, WHO warns

WHO said Gaza’s population is facing acute food insecurity under the Integrated Food Security Phase Classification…reports Asian Lite News The World Health Organisation (WHO) has issued its starkest warning yet about the

Syria Needs Order, Says UN Envoy

Pedersen expressed concern about credible reports of widespread violations and abuses in Sweida, including summary executions…reports Asian Lite News UN Syria Envoy Geir Pedersen urged interim authorities to act with professionalism and

Killing Fields of Gaza

While Israeli airstrikes on Gaza continue to dominate global headlines after hundreds of days of conflict, a parallel and equally devastating crisis is unfolding — one that receives far less attention: deepening
Go toTop

Don't Miss

CoinEx Hacker Accidentally Links to Stake Hack

The findings corroborate those of on-chain sleuth ZachXBT, who on

Microsoft bans cryptocurrency mining from its online services

Microsoft has banned cryptocurrency mining from its online services to