Mark Cuban’s loses $870K in hot wallet hack

Nearly $900,000 worth of crypto was reportedly drained pipes from among the hot wallets belonging to billionaire investor and Dallas Mavericks owner Mark Cuban.Independent blockchain sleuth @WazzCrypto was the very first to spot the hack on Sept. 15 at around 8 PM UTC, after they highlighted suspicious habits occurring with among Cubans wallets that the 65-year-old hadnt connected with for approximately five months. Lmao, did Mark Cubans wallet simply get drained?Wallet inactive for 160 days and all possessions simply moved pic.twitter.com/vWnMZFyHB5— Wazz (@WazzCrypto) September 15, 2023

Adding intricacy to the matter, another $2 million worth of USDC was then also withdrawn and sent to a various wallet, leading WazzCrypto to believe that Cuban may have simply been moving properties around. Some recommended that Cuban might have incorrectly signed a harmful transaction, while others asserted that his private key was jeopardized offered that the funds were straight moved out of the wallet. Speculation on how Mark Cuban was hacked.