Mark Cuban loses $870K in hot wallet hack

According to the deal history on Etherscan, a number of batches of assets such as USD Coin (USDC), Tether (USDT) and Lido Staked Ether (stETH) were unexpectedly withdrawn from the wallet within a 10- minute window. Adding complexity to the matter, another $2 million worth of USDC was then also withdrawn and sent to a various wallet, leading WazzCrypto to presume that Cuban may have just been moving possessions around. A few hours later Cuban then validated to DL News that he had actually gone on MetaMask for the first time in months, and vaguely suggested that the hacker or hackers might have been waiting and viewing for a moment to attack. Cuban included that he had transferred any staying properties to Coinbase Custody, essentially verifying that the $2 million USDC transaction was him. Related: North Korean crypto hacks down 80%, but that might alter over night: ChainalysisIn terms of the hack, members of the neighborhood were quick to mention that rather than hackers seeing Cubans activity, he needs to have done something that led to the security breach. Some suggested that Cuban might have mistakenly signed a destructive transaction, while others asserted that his personal key was compromised considered that the funds were directly moved out of the wallet. Speculation on how Mark Cuban was hacked. Source: XThis is not the very first time Cuban has actually taken a hit in the crypto market. Back in June 2021, Cuban lost an unspecified amount of capital on what he called a “rug pull” after an algorithmic stablecoin project called Iron Finance imploded amidst an expected bank run. Magazine: Hodlers Digest, Aug. 27– Sept. 2: SEC delays BTC ETF choice, Grayscale accomplishments over SEC and BitBoy gets the boot

Nearly $900,000 worth of crypto was reportedly drained pipes from one of the hot wallets belonging to billionaire financier and Dallas Mavericks owner Mark Cuban.Independent blockchain sleuth @WazzCrypto was the very first to identify the hack on Sept. 15 at around 8 PM UTC, after they highlighted suspicious habits taking place with among Cubans wallets that the 65-year-old had not connected with for approximately five months. Lmao, did Mark Cubans wallet simply get drained?Wallet inactive for 160 days and all possessions just moved pic.twitter.com/vWnMZFyHB5— Wazz (@WazzCrypto) September 15, 2023