Mark Cuban’s MetaMask wallet drained  nearly $900,000 in suspected phishing attack

TL;DR Breakdown

  • Mark Cuban has reportedly fallen victim to a phishing attack, resulting in the theft of nearly $900,000.
  • The incident was brought to light by popular crypto investigator WazzCrypto, who noticed unusual activity associated with a MetaMask wallet linked to Mark Cuban.
  • One notable event was a $2 million transfer of USDC.

Description

Dallas Mavericks owner and prominent US investor Mark Cuban has reportedly fallen victim to a phishing attack, resulting in the theft of nearly $900,000 from one of his MetaMask wallets. The incident has raised concerns about the security of cryptocurrency assets. Suspicious activity detected The incident was brought to light by popular crypto investigator WazzCrypto, … Read more

Dallas Mavericks owner and prominent US investor Mark Cuban has reportedly fallen victim to a phishing attack, resulting in the theft of nearly $900,000 from one of his MetaMask wallets. The incident has raised concerns about the security of cryptocurrency assets.

Suspicious activity detected

The incident was brought to light by popular crypto investigator WazzCrypto, who noticed unusual activity associated with a MetaMask wallet linked to Mark Cuban. According to on-chain data, approximately $900,000 worth of cryptocurrency funds were drained from the wallet. This wallet, dubbed “Mark Cuban 2” on Etherscan, had been inactive for nearly six months before the sudden movement of all its funds.

Among the suspicious transactions, one notable event was a $2 million transfer of USDC, followed by the conversion of all Ethereum (ETH) holdings to MATIC tokens after a deposit on Coinbase.

Mark Cuban confirms the attack

Mark Cuban confirmed the incident when contacted by DL News. He revealed that he had accessed his MetaMask wallet after months of inactivity and suggested that the attackers may have been monitoring his actions. In his own words, he stated, “I went on MetaMask for the first time in months. They must have been watching.”

Cuban went on to explain that he believes he may have downloaded a compromised version of the MetaMask wallet, making him the latest victim of a phishing attack within the crypto community.

Addressing the large Coinbase transfer, Cuban clarified that it was initiated by him as a precautionary measure to safeguard the remainder of his cryptocurrency investments. Fortunately, only one of his MetaMask accounts was affected, leaving his other assets intact.

Mark Cuban’s relationship with the cryptocurrency industry has been marked by evolution and controversy. He initially expressed skepticism about Bitcoin, famously stating that he would prefer to have a banana as it had more utility. However, he later changed his stance and began endorsing cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and non-fungible tokens (NFTs). Cuban also built a notable cryptocurrency portfolio over time.

This incident serves as a stark reminder of the ongoing security challenges facing cryptocurrency users and investors. Phishing attacks continue to be a prevalent threat in the crypto space, targeting both newcomers and seasoned veterans. Users are urged to exercise caution when downloading wallet applications and to verify the authenticity of the software they use.

Cuban’s experience highlights the importance of regularly updating and reviewing the security of cryptocurrency wallets, as well as remaining vigilant for signs of suspicious activity. It is advisable for users to use official sources and verify the legitimacy of any software they download.

As the crypto industry continues to grow and attract mainstream attention, incidents like this underscore the need for heightened security measures and user education to protect digital assets from malicious actors.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Mark Cuban’s MetaMask wallet drained  nearly $900,000 in suspected phishing attack

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月16日 20:08
Next 2023年9月16日 21:43

Related articles

  • ECB explains why it asked banks for weekly liquidity stats

    TL;DR Breakdown The European Central Bank (ECB) is increasing its monitoring of banks’ liquidity by asking for weekly data reports from September. This move aims to provide more timely evaluations of banks’ ability to counteract financial shocks amid rising interest rates. ECB Supervisory Chief, Andrea Enria, acknowledged that European banks are stronger than before but stated that the financial markets are in a “delicate phase” due to several global issues. Description In an ongoing effort to fortify the financial landscape and reinforce banking resilience in Europe, the European Central Bank (ECB) has outlined a strategic move to heighten its monitoring of banks’ liquidity. Beginning in September, banks will need to supply their liquidity data on a weekly basis, rather than monthly as currently mandated. The aim … Read more In an ongoing effort to fortify the financial landscape and reinforce banking resilience in Europe, the European Central Bank (ECB) has outlined a strategic move to heighten its monitoring of banks’ liquidity. Beginning in September, banks will need to supply their liquidity data on a weekly basis, rather than monthly as…

    Article 2023年7月23日
  • Argentina’s struggle with hyperinflation continues amid peso-dollar tug of war

    TL;DR Breakdown Argentina has grappled with hyperinflation for decades due to ineffective policies leading to budget deficits. Import volumes have fluctuations, influenced by unsustainable policies and strict foreign exchange controls. Some experts, including former US representative to the IMF Mark Rosen and presidential candidate Javier Milei, propose adopting the US dollar as Argentina’s official currency to combat inflation. Description Argentina has been entangled in hyperinflation for decades, primarily stemming from ineffective policies resulting in persistent budget deficits. With each passing day, the prospect of a complete currency collapse in Argentina, a nation with a population of 47 million, becomes increasingly imminent. Meanwhile, Argentina’s recent trade data reveals that the significant decline in imports last … Read more Argentina has been entangled in hyperinflation for decades, primarily stemming from ineffective policies resulting in persistent budget deficits. With each passing day, the prospect of a complete currency collapse in Argentina, a nation with a population of 47 million, becomes increasingly imminent. Meanwhile, Argentina’s recent trade data reveals that the significant decline in imports last month can be attributed to price fluctuations. Argentina’s…

    Article 2023年9月23日
  • Ethereum co-founder Vitalik Buterin falls victim to SIM-swap attack

    TL;DR Breakdown Vitalik Buterin’s Twitter account was hacked due to a SIM-swap attack, leading to a scam that cost users over $691,000. The breach emphasizes the dangers of using phone numbers for authentication and the need for enhanced digital security measures, especially in the cryptocurrency and social media sectors. Description In an era where digital security has become paramount, the recent breach experienced by Ethereum co-founder Vitalik Buterin serves as a stark reminder of the lurking vulnerabilities. Buterin confirmed that his Twitter account, a platform with millions of users and significant influence, was compromised due to a SIM-swap attack. This incident underscores the risks associated … Read more In an era where digital security has become paramount, the recent breach experienced by Ethereum co-founder Vitalik Buterin serves as a stark reminder of the lurking vulnerabilities. Buterin confirmed that his Twitter account, a platform with millions of users and significant influence, was compromised due to a SIM-swap attack. This incident underscores the risks associated with mobile-based security measures and emphasizes the need for heightened awareness and proactive measures, especially in sectors…

    Article 2023年9月13日
  • Coinbase Files Mandamus Petition: Seeking Transparency in the Crypto Industry

    TL;DR Breakdown Coinbase has filed a mandamus petition challenging the SEC’s authority to regulate cryptocurrencies without clear guidelines, aiming to demand transparency and fair treatment. The legal action by Coinbase has significant implications for the crypto industry and regulatory landscape, highlighting the need for regulatory clarity and setting a precedent for future regulations. In a bold move to ensure transparency and regulatory clarity in the cryptocurrency industry, Coinbase, one of the largest cryptocurrency exchanges in the United States, has filed a mandamus petition. This legal action aims to challenge the authority of the Securities and Exchange Commission (SEC) to regulate cryptocurrencies without clear guidelines, creating a significant impact on the crypto market and regulatory landscape. With increasing scrutiny on digital assets, Coinbase’s petition sets the stage for a crucial legal battle between the industry and regulators. The Mandamus Petition: Demanding Clarity and Fair Treatment Coinbase’s mandamus petition is a strategic move that seeks to challenge the SEC’s authority and demand clear guidelines for the regulation of cryptocurrencies. The petition argues that the SEC has failed to provide adequate notice and…

    Article 2023年5月26日
  • Apple’s rejection of Zeus Bitcoin wallet sparks controversy in crypto community

    TL;DR Breakdown Apple rejects the latest version of the non-custodial Bitcoin wallet Zeus, demanding proof of necessary licenses and permissions. The rejection follows Apple’s warning to another Bitcoin app, Damus, regarding its Bitcoin tipping feature. Critics question Apple’s classification of non-custodial wallets as money transmitters and call for consistent guidelines for crypto app developers. In a move that has garnered attention from the cryptocurrency community, Apple (AAPL) has rejected the latest version of the non-custodial Lightning Network-enabled Bitcoin wallet, Zeus. The rejection comes shortly after Apple’s warning to another Bitcoin-related app, Damus, suggesting the tech giant’s increased scrutiny of cryptocurrency apps on its platform. The decisions have sparked concerns among legal experts and industry figures, questioning Apple’s stance on crypto apps and the need for clearer regulatory guidelines. Apple’s rejection of Zeus, version 0.7.6, has stirred controversy in the crypto community. Founder Evan Kaloudis tweeted that Apple cited the app’s facilitation of virtual currency transmission without being submitted by a recognized financial institution or corresponding exchange. The tech behemoth demanded Zeus provide documentary evidence of the necessary licenses and permissions…

    Article 2023年6月18日
TOP