
While The Exploit Vector remains a mystery, billionaire investor Mark Cuban is preparing to transfer his assets to Coinbase.
Mark Cuban, a billionaire investor and crypto enthusiast, has confirmed that one of his wallets has been hacked, leading to a loss of more than $870,000.
WazzCrypto reported the exploit, who questioned why the long-dormant wallet belonging to Cuban was suddenly moving all its assets.
Cuban said he was unaware of the hack when he was approached by DL News on the matter, and later said 5 ETH was stolen, worth just over $8200 at current market prices.
The real extent of the Cubans' losses was actually much greater and amounted to more than 870,000 in stolen assets. The records on Etherscan show transfers of USDC, MATIC, and stETH, as well as tokens from platforms like SuperRare, and Ethereum Name Service.
The stolen tokens remain in the attacker's wallet at the time of writing.
The victim of the scam is still unknown, according to the Cuban government. Cuban's loss in crypto isn't the first loss. In a 2021 foray into the world of DeFi, Iron Finance, an algorithmic stablecoin, the billionaire had a substantial position in, imploding, leaving holders with worthless tokens.
Cuban appeared on Bloomberg to call for stablecoin regulations.