MetaMask wallet hacked, loses $870,000; Mark Cuban: Hackers have been targeting me for a while

Table of Contents

Mark Cuban's Wallet Activity

The crypto community @WazzCrypto first noticed unusual activity in Mark Cuban's wallet on the 16th at 7 am, marked as "Mark Cuban 2" on the EtherScan blockchain explorer.

Cybersecurity firm PeckShieldAlert also detected the wallet activity:

#PeckShieldAlert Sudden fund transfer-out @mcuban pic.twitter.com/J6jGA7wkhp

— PeckShieldAlert (@PeckShieldAlert) September 15, 2023

Mark Cuban: 'They've Been Watching My Wallet for a While'

When DL News informed Mark Cuban of the wallet activity, he learned about the hack. He stated:

This is the first time I've used MetaMask in months, they've definitely been watching.

Mark Cuban reportedly lost $870,000, including 5 ETH, as well as assets like USDC, stETH, and is in the process of transferring the remaining assets to Coinbase for custody.

Well that’s not how that works.@mcuban you’d have likely had to have a computer that’s already compromised or sign a bad transaction.

While we don’t always see eye to eye, I think you’re a good ally for this space, so I’m happy to help get you set up on a more secure setup if… https://t.co/HUyzO4xHcT

— Adam Cochran (adamscochran.eth) (@adamscochran) September 16, 2023

In recent years, Mark Cuban has been vocal about DeFi, launched the online digital art gallery "Lazy.com" after the NFT craze, but seems to have had mixed results. He also faces a class-action lawsuit for promoting Voyager.

• Voyager Bankruptcy Impact | Mark Cuban Accused of Promoting High-Interest Products, Faces Class-Action Lawsuit

• Mavericks Owner Cuban Calls for Attention to DeFi: Ignoring It Will Cause the U.S. to Lose Significant Future Growth Potential, Reveals Investment Portfolio

• Exploring NFT Applications, Launching Digital Art Display Platform! NBA Mavericks Owner Mark Cuban: NFTs Will Disrupt Traditional Ticketing Systems

Adam Cochran, a venture capitalist who can discuss almost anything, believes that Mark Cuban's personal computer may have been phished and is willing to assist.

Concerns over Crypto Security, Turbulence in Bear Market

Despite the bear market, there have been numerous hacking incidents recently, prompting wallet users and crypto investors to be more cautious:

• North Korean Lazarus Group Suspected of Orchestrating $55 Million CoinEx Cryptocurrency Exchange Theft

• Vitalik: Twitter Hack Due to 'SIM Card Swap Attack,' Strengthening Security Measures Across Various Apps

• FBI: North Korean Hacker Group Lazarus Confirmed as Stake Event Attacker! $200 Million Inflow This Year