Mark Cuban’s MetaMask Wallet Drained in Phishing Attack
Mark Cuban, the well-known American investor, TV personality, and owner of the Dallas Mavericks, has fallen victim to a phishing attack that resulted in one of his MetaMask wallets being drained. According to on-chain data, the total value of the funds siphoned is nearly $900,000.
Suspicious Activity and Speculation
Crypto sleuth WazzCrypto raised suspicions about Mark Cuban’s wallet on Friday. The address in question had been inactive for six months but suddenly saw all funds being moved out. Notable activities included a $2 million USDC transfer and the conversion of all ETH to MATIC after a deposit on Coinbase.
Address on Matic was a Coinbase deposit address
End of an era
But address on ETH swapped all USDC for $ETH so it’s a very different behaviour. still possible he was drained on ETH and saved his Matic bags pic.twitter.com/V0siq5cPMT
— Wazz (@WazzCrypto) September 16, 2023
Confirmation and Phishing Attack
Cuban confirmed the news, revealing that he hadn’t accessed MetaMask in months and suspects that someone had been monitoring his activity. He believes he may have downloaded a compromised version of MetaMask, making him the latest victim of a phishing attack in the crypto community. Cuban mentioned that he initiated the Coinbase transfer to safeguard his remaining investments. Fortunately, only one of his MetaMask accounts was affected, and the others remain secure.
Mark Cuban’s Changing Stance on Crypto
Cuban’s relationship with the crypto industry has been controversial. He once expressed a preference for a banana over Bitcoin due to its perceived lack of utility. However, he later changed his stance and began endorsing BTC, ETH, and NFTs while building a substantial portfolio.
Hot Take: Mark Cuban Falls Victim to Phishing Attack
Mark Cuban, renowned investor and owner of the Dallas Mavericks, has lost nearly $900,000 in a phishing attack targeting one of his MetaMask wallets. The incident highlights the importance of staying vigilant against online threats in the crypto community. Cuban suspects that he downloaded a compromised version of MetaMask, underscoring the need for users to exercise caution when accessing their wallets or interacting with cryptocurrency platforms. This incident serves as a reminder to always prioritize security measures and employ best practices to protect your digital assets from potential cyber attacks.
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