Tuesday, October 7, 2025

Latest

Mark Cuban Loses $870K To Crypto Scam

Tech billionaire Mark Cuban is the latest victim of a cryptocurrency scam, losing $870,000 across various cryptocurrencies. 

Cuban, who had been inactive in the crypto space for months, had his wallet drained of stablecoins, Lido staked ETH, SuperRare tokens, and Ethereum Name Service (.ens domains) tokens.

The suspicious activity in Cuban’s wallet was initially spotted by the pseudonymous on-chain investigator @WazzCrypto. Cuban’s wallet, which had been dormant for 160 days, suddenly saw funds moving. 

WazzCrypto posted screenshots of Ethereum transactions linked to Cuban, raising concerns about the wallet’s security. The alleged hack was later confirmed by media outlet DL News.

Upon learning of the security breach, Cuban swiftly moved $2 million worth of USDC to Coinbase to safeguard his assets. He admitted to DL News that he had not been actively using MetaMask, a browser-based crypto wallet. He believed he had downloaded a fraudulent copy when searching for information on Circle.

“I’m pretty sure I downloaded a version of MetaMask with some shit in it,” Cuban told the media outlet. “MetaMask crashed a couple times. I just stopped. Then you emailed me. So I locked my NFTs on OpenSea. Transferred all my Polygon in the account.”

MetaMask has been used for phishing scams where fraudsters trick users into giving their private keys or seed phrases through a fake extension or application, after which they can drain users’ crypto wallets.

“Since I was only working with the account that got hacked, none of my others gave up anything,” Cuban said.

This is the latest in a series of unrelated high-profile hacks in the crypto landscape. Last week, Ethereum creator Vitalik Buterin’s X account was hacked and used to steal about $691,000 from his followers through an NFT scam.

Prior to that incident, hackers targeted the popular crypto gambling site Stake.com and were able to steal about $41 million.


Information for this story was found via DL News, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Sweden Unveils Plan to Adopt E-Krona as Idea of Cashless Societies Gains Momentum

It appears that the idea of cashless societies is beginning to gain momentum, with Swedish...

Sunday, December 20, 2020, 03:31:00 PM

Hackers Steal $41 Million from Crypto Gambling Site Stake.com

Popular crypto gambling site Stake.com is the latest target of hackers. The site is reported...

Tuesday, September 5, 2023, 02:23:00 PM

Hong Kong Veers Away From China, Plans to Legalize Retail Crypto

Hong Kong is taking steps to reassure businesses that the city’s official stance on cryptocurrencies...

Friday, October 28, 2022, 03:13:00 PM

NFT Marketplace OpenSeas Targeted In Phishing Scam, Reports Mixed On Origination

The largest NFT exchange globally, OpenSeas, has evidently had what one can describe as a...

Sunday, February 20, 2022, 11:44:47 AM

Crypto Crackdown: Wells Notices, Fraud Accusations And Celebrity Sellouts Add To Regulatory Confusion

With the catastrophic succession of the biggest bank failures in history, bitcoin maximalists are touting...

Friday, March 24, 2023, 03:09:00 PM