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Crypto

Mark Cuban loses $870K in crypto scam

Believes he installed a counterfeit MetaMask wallet

Sep 19, 2023
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Mark Cuban loses $870K in crypto scam

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Mark Cuban: If someone says they can make you rich, 'they're lying'

One of Mark Cuban’s crypto wallets was drained of $870,000 in tokens and NFTs following a phishing attack on Friday night, according to blockchain data and confirmed by outlet DL News.Β 

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The hacker made off with $555,000 in Lido Finance’s staked ether (stETH) and $175,000 in USD Coin (USDC) on Ethereum from the wallet, along with SuperRare and Ethereum Name Service tokens.

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The hack was first spotted by independent blockchain sleuth Wazz. Cuban laterΒ told DL NewsΒ that he was the victim of a phishing attack, claiming to have downloaded a malicious version of MetaMask.Β 

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β€œSomeone got me for 5 ETH,” he told the outlet, "I went on Metamask for the first time in months. They must have been watching."

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Fortunately, it appears Cuban was able to salvage $2.5 million USDC on Polygon by transferring it to Coinbase before the hacker could seize it, according to an X post by Arkham Intelligence.

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Cuban’s other wallets were unaffected by the hack. 'Since I was only working with the account that got hacked, none of my others gave up anything,' he told DL News.

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Mark Cuban loses $870K in crypto scam

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