Hackers Break Into Mark Cuban’s Wallet, Drain Him For $870K

Crypto Hackers Break Into Dallas Maverick Owner Mark Cuban’s Wallet, Drain Him For $870K

Billionaire Dallas Mavericks owner Mark Cuban just lost a huge bag.

According to reports reaching us at Dreddsworld, nearly $900,000 worth of crypto was reportedly drained from one of the hot wallets belonging to the billionaire investor.

Independent blockchain sleuth Wazz was the first to spot the hack on Sept. 15 at around 8 pm UTC, after they highlighted suspicious behavior with one of Cuban’s wallets that the 65-year-old hadn’t interacted with for roughly five months.

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

A few hours later, Cuban confirmed that he had gone on MetaMask for the first time in months and vaguely suggested that the hacker or hackers may have been watching and waiting for a moment to pounce.

Cuban added that he had transferred any remaining assets to Coinbase Custody, essentially confirming that the $2 million USDC transaction was him.

In terms of the hack, members of the community were quick to point out that as opposed to hackers watching Cuban’s activity, he must have done something that led to the security breach.

Some suggested that Cuban may have mistakenly signed a malicious transaction, while others asserted that his private key was compromised, given that the funds were directly transferred out of the wallet.