Mark Cuban wallet worth more than $870,000 stolen

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Mark Cuban wallet worth more than $870,000 stolen

While The Exploit Vector remains secretive, billionaire investor Mark Cuban is moving his assets to Coinbase, a Bitcoin-based holding company.

A billionaire investor and crypto enthusiast, Mark Cuban, has revealed that one of his wallets was hacked, resulting in a loss of more than $870,000.

WazzCrypto first reported the exploit, which questioned why the long-dormant wallet belonging to Cuban was suddenly moving all its assets.

Cuban said he was unaware of the hack when approached by DL News and later said 5 ETH was stolen, worth just over $8200 at current market prices.

The true extent of Cuban's losses was actually much greater and they amounted to more than 870,000 in stolen assets. Its records show transfers of currencies from platforms like SuperRare, and Ethereum Name Service.

The stolen tokens remain in the attacker's wallet at the time of writing.

The Cuban government is not sure how exactly the Cuban victim fell victim to the scam. This is not Cuban's first loss in crypto. In a 2021 foray into the world of DeFi, Iron Finance, an algorithmic stablecoin, the billionaire had a larger standing in, imploded leaving holders with worthless tokens.

Shortly afterward, Cuban called for stablecoin regulations.