Today: 6 July 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

Khamenei Breaks Cover in Tehran

Iran’s Supreme Leader makes first public appearance since conflict with Israel, as mystery over his wartime absence continues. Iran’s Supreme Leader Ayatollah Ali Khamenei made his first public appearance on Saturday since

‘Global firms profiting from Gaza genocide’

Report by Francesca Albanese singles out companies such as Palantir and calls for prosecutions…reports Asian Lite News The UN special rapporteur on human rights in the occupied Palestinian territories has called for

Saudi, Indonesia seal $27bn in deals

Saudi Arabia and Indonesia deepen ties with $27bn in agreements, boosting trade, energy, defence and pilgrimage cooperation, signalling a new chapter in strategic partnership. Saudi Arabia and Indonesia inked a raft of

UN urges investments in Syria

Rebuilding Syria requires not only emergency relief but sustained investment in basic services, economic recovery, and stability, says UN Office in Syria. A high-level United Nations delegation has called for increased international

Khamenei threatens more strikes

Iran’s supreme leader rebukes Trump’s ‘surrender’ remark, warns of repeat attacks on US bases and Israeli targets. In his first public appearance since the ceasefire between Iran and Israel came into force,
Go toTop

Don't Miss

Microsoft bans cryptocurrency mining from its online services

Microsoft has banned cryptocurrency mining from its online services to

‘G20 working towards collective SOP on crypto’

Finance Minister Nirmala Sitharaman said that a standard operating procedure