Mark Cuban Loses Nearly $1M to Crypto Scam

By coindesk.com September 18, 2023 In Cryptocurrencies, Ethereum

Lmao, did Mark Cuban’s wallet just get drained?

Wallet inactive for 160 days and all assets just moved pic.twitter.com/vWnMZFyHB5

— Wazz (@WazzCrypto) September 15, 2023

Later, Cuban was likely alerted of these transactions and managed to save over $2.5 million worth of Polygon’s MATIC tokens by logging into the wallet and transferring the tokens to a Coinbase exchange address.

The phishing attack apparently seemed to stem from a fake MetaMask wallet application downloaded by Cuban, he told DLNews.

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This was the second phishing attack to hit a high-profile person in as many weeks. Ethereum co-founder Vitalik Buterin’s X account was compromised in a phishing attack in early September. Buterin did not seem to lose his own funds, but users lost a cumulative $700,000 by sending tokens to an illicit link that was seemingly endorsed by Buterin.

Edited by Parikshit Mishra.

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Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

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