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It was not clear how he was hacked, however, he mentioned that the hackers got him for 5 ETH and he has not used the wallet for 160 days. But when he began to use it, his Metamask was drained to zero. Someone might have promised him a 5 ETH profit and what occurred was a $870,000 surprise hehehe.

The hackers are unknown but I would not be shocked if they blame the Lazarus group again hehehehee.

https://i.ibb.co/v1c4rr9/20-B73385-E25-D-454-C-BC77-C130819-D7741.jpg

Mark Cuban, billionaire entrepreneur and owner of the Dallas Mavericks, confirmed to DL News that he has lost approximately $870,000 to a crypto scam late on Friday.

The sudden movements in a wallet marked on blockchain explorer EtherScan as “Mark Cuban 2″ were first spotted by pseudonymous on-chain sleuth WazzCrypto.

Cuban was unaware of the wallet movements when approached by DL News and later said, “Someone got me for 5 eth.”

“I went on MetaMask for the first time in months. They must have been watching,” he told DL News.

Cuban’s losses extended beyond 5 Ether, worth about $9,000 at current prices. Altogether, he was set back by around $870,000 across 10 cryptocurrencies.

Read in full https://www.dlnews.com/articles/people-culture/mark-cuban-loses-870k-to-a-crypto-scam/

Indeed we can't know for sure what is the root cause of the hack with only those kinds of details. We might be able to speculate that it may be due to a malicious or unofficial MetaMask, but due to incomplete information, what's confusing is his last statement where only one account got hacked. Supposedly, if the extension or application itself is malicious, all the accounts on the same phrase should be vulnerable.

How can someone who has over $870,000 worth of crypto across his metamask wallet be moved by a promise of eth, which will be around $8k +? This one is really on him, and he should not blame anyone for his mistake. Who knows, this could just be some cheap hackers who don't even know the amount he had in their wallet before they made their hacking attempts, because if they had known, I believe they could have used a higher amount in order to lure him in to the scam.
 
Just the fifth, which made him lose access to a fortune, well, I don't even think this will hurt him that much.

I wonder how Cuban's wallet could have been hacked. I don't know if it's because the hacker is very professional or because he's lucky. But after I read the link I found out that Cuban was likely hacked via a fake metamask extension.


Maybe it was human error that Cuban was experiencing. I don't know but I don't think this will affect his wealth much.

INot sure why they bother to even mention 5 eth when in reality the real value was in other tokens?

What is he talking about? Why do he think anyone was watching him? Sounds like he has fell for some generic hack and likely the hacker didn't even know who owned the wallet, but drained the wallet via bot. The fact that hacker needed to move 0.1 eth back to move other tokens out speaks for some automatic wallet hack.

They stolen 5 eth from him among the other tokens that were way more valuable, he wasn't lured in for promise of 5 eth, at least from what i can tell from the article and etherscan.

Apparently, the opposite is happening. That person who has only a couple of tens of dollars in his wallet tries to take every precaution so as not to lose his only coins, and the one who has thousands is so irresponsible with his funds. Knowing that our days on the Internet are like an ocean with sharks and so frivolously downloading software without checking it first implies such an ending sooner or later.
We often laugh at those who, without having many valuables, become paranoid about storage, although, if you look closely, it is always better to overdo it than to lose it like that and then blame yourself for inattention.

Cuban is falling for so many scams that he’s going to end up being a millionaire, so, i can take care of his assets

We just have to wait until investigators and freedom researchers will find the reason on how he's got hacked.

But just prepare yourselves that it's not going to be a surprising reason if it was actually him that f**ked. That has ended his wallet's private keys in the hands of the hackers.

Could be another email link that's sent to him and he's too gullible to believe its contents.

There is some speculation about this such as when some people say that Cuban has signed something that he shouldn't have from his MetaMask wallet or other speculation by saying that Cuban's private key has been compromised by irresponsible people according to the news I read but in this case what I can learn is how he can confidently store that much asset in a hot wallet which is definitely vulnerable to something like this.
Indeed, there are some coins that are said to be not only large coins but on the other hand, is it necessary for him to store that much asset in a hot wallet because in my opinion this is an action that is impossible for me to accept with my brain.

Sucks for him but luckily he’s worth a lot of money so he won’t be too heavily hit by this hack, which for some would be their entire net worth. Poor personal security through laziness or just bad luck can happen to anybody. I feel sad for him but he will learn from this.

I guess that's what billionaires do, I mean they hide some money on crypto and later they forget everything about it, and then when he went back, everything it gone. But compare to us average joe, who really works very hard to earn and save and accumulate crypto overtime.

And I don't think that Lazarus Group is behind, this entity targets millions of crypto in one heist, so I doubt that they will target some peanuts amount even if it is identified to Mark Cuban.

It's kind of funny if this is true.  He is a little full of himself in terms of being smarter than everyone else.  Wonder what he thought about when he found out it got swiped lol.  Stopped following him once he started riding elon's coattails on doge and being all anti btc.

I don't think Cuban would do such a thing after 5 ETH or any other prize money. This seems more like a PR effort he's doing to get talked about. If he really had been subjected to such a fraud after 5 ETH, he would be ashamed to even talk about it. Although judging by past news, he seems to do this frequently.
This news reminds us once again that even if you are tech-savvy, you should be very careful when using crypto wallets.

I just gonna say if Mark Cuban keeps it on exchange maybe he is one of the sim-swapping attacks but if he keeps in on Metamask it is definitely a hack or he just doesn't save the private key properly or the phone got hacked.

But he is a billionaire I don't think him not save their precious like this hahaha

Are loss of funds on hacked wallets tax deductable? I am beginnig to be skeptical. Also, Mark Cuban is not someone stupid and he did not become rich by being tricked easily. I reckon when those funds are mixed and traded into Ethereum, who would know if it was Mark Cuban who bought a bored ape and other NFTs?

He has reduced his taxes and he has bought NFTs without being detected hehehe. Let us not be surprised if another popular CEO's wallet is hacked.

What surprised me was the huge amounts of crypto he was holding on browser add-ons. Does it make sense to do that when there are many options available. You can use hardware and desktop wallets but to use a browser is not ideal for long-term storage. Considering he has an estimated wealth of over several billion USD$, he will get over the loss but the news should serve as a lesson for others to not get complacent.

He admitted downloading a version of Metamask that has shit on it from this we can conclude not because you are popular you are good at securing your account its always a case-to-case basis for every holder,
It will not affect his wealth but the thought that he has been hacked will make him realize that he can lose all his Cryptocurrency if he is not mindful of his security.

This is a reminder to all of us to always watch our wallets be updated on the latest method to secure our funds and get updated on how these hackers work so we can take the necessary actions.

Every one of us will download software on a regular basis but how many of us verify the signatures? It would take a couple of minutes for the checksum but many of us overlook it and continue to install the software without caution. If there was suitable anti-malware installed it might block the install but again if it is bypassed and installed the damage will inevitably be done.

This incident was unnecessary, he did not have to lose those funds. He really should have paid more attention to what he was downloading and from where. If any good can come from it, we all should look at it as a reminder to verify software before installing regardless of where we download it from.

This incident is not that big for him. But I hope it will be a big lesson for others.

Sorry about the incident, I didn't know that even billionaires get scammed like this. These scams are supposed to be for the people who don't have a lot of money and when someone promises big returns to them they get excited and greedy thinking that they can earn a lot of money with what they have and then the scammer takes away what they have. But if someone has millions or billions of dollars, why would they be interested in getting 5 ETH from someone?

It was most probably done by a phishing website or something where he might have connected his wallet, or as he said, he might have downloaded the extension from somewhere unsafe and not from the official source which is a newbie mistake and someone of his calibre shouldn't have done that.

If the issue was not serious it would have been somewhat laughable and passed off as a joke. To be honest, it sounded more like a publicity stunt than a serious incident that should make us all more cautious about the software we install on our devices. The lesson is there for all to learn regarding verifying the software before installing it (checksum/signature) but it does seem strange why he would use Metamask to hold any form of assets especially to the value of approximately $870,000.

It’s pretty crazy that someone as involved in crypto and with as much business and financial/technical knowledge as Mark Cuban could still manage to easily lose their money from their wallet. This is a danger that will definitely keep web3 from gaining adoption. Be careful out there folks. The scammers are everywhere and constantly evolving.

Mark Cuban is not best role model to look up to when it comes to security of our crypto assets. According to what I read, he was phished. He downloaded Metamask after searching on Google and clicked one of those phishing links.


With basic security know-how, everyone can protect their crypto assets better. At the end of the day, majority of the hacks in web3 space is either negligence of the protocol developer or ignorance of the year.

Regardless of whether what the economical status of a person is, if that person is not willing to take care of their private keys in a proper way or educate themselves, then it would better for them not to engage in with wallets or cryptocurrencies.

Sure, in this care it is a blow which may not affect him, but due to the unfortunate history of this person with crypto, I would not be surprised if he ended up losing more in the future.

It is one of those cases when maybe, one needs to realize a person is not supposed to hold crypto and just stick to mechanisms within traditional banking.

Hackers show no mercy even to investors like Mark Cuban in fact they will treat it as an achievement or a feather in their cap and this only shows even if you're a big name in the industry a false move or you are careless you will fall to a hacker's trap.

Mark already admitted his carelessness in downloading a wallet that is full of shit, so be careful and try to be better than Mark anyway the amount is nothing to Mark but for us can't afford to lose any amount.

Imagine that Mark Cuban who is a successful entrepreneur and has an absolute idea on what he is doing is hacked. I doubt that he got fished because of those 5 ETH, 5 ETH is nothing to him and there's a reason why he said about that thing. This is why we should be careful on what we are showing in the internet because all of us can possibly be a victim. He may be targeted by some hacker (knowing that he's rich) or he do this kind of false hack to himself to avoid tax or show hackers that he doesn't have anything in his wallet any more, in short Mark Cuban might want to show hackers that they can't gain anything from him anymore.

There's so much speculation running through my head because of this topic, we need clearer evidence or explanation why this accident occur.

He didn't, it seems that no one looked past the headline here.

He was scammed 5 eth with the tokens valued way more than that. He wasn't lured in for a scam for 5 eth. He was hacked. How he was hacked is whole another thing that we are not sure about yet. But probably he was just a victim of some basic wallet drainer. Or so it would seem, because tokens were taken after hacker realized that there were way more than that 5 eth to steal.

Big fish are an attractive target for a hacker. These hackers know how to clear their footsteps and use those funds unnoticed. Blockchain is transparent, and their trace can be tracked, but still, they have tarnished influential personalities like Vitalik, Mark Cuban --I'm not sure what he was thinking when he installed that wallet... Who keeps that much money in a metamask?

This might also then be Google's fault for not doing a good job on checking who are these people that request for sponsored ads to be shared  in their search results. Many of these phishing attacks that have occurred in the cryptospace were from those fake sponsored google links.

In any case, I am still very skeptical on this hack. Mark Cuban is not a newbie in the cryptospace.

I am also having doubts about the hack. He's a billionaire and he knows his thing. He's not been around to the cryptospace as if he's really a newbie.

No he's not.

But if this case is for real, then this just means that even the most experienced and rich people do really commit a mistake, an expensive mistake to say.

we can't say that for sure. sometimes, simple things you can forget, esp if you have lots of things to think about. so for me, he's also the same with us. you can commit some mistakes. and forget some few things.
the difference is, that amount won't make him bankrupt, his life still goes on. whereas, if it happens to us, i don't think we can recover fast. it is like your lifetime's savings already.

As intelligent as he might be, maybe Cuban did download malware/fake software himself and if time is of the essence it makes it more probable. Still, it would be almost unreal if he was doing many of those things himself. Does he not have a team of assistants to run various chores and errands for him? Considering his wealth, that is something that usually comes with the trappings of being rich.

It turns out, even if a billionaire is not careful in guarding his wallet, he will experience hacking. From this case, I personally have to be more careful in maintaining wallet security, because in my opinion the biggest risk in crypto is actually due to fraud, not because the price is falling. I don't know why he was so careless, it looks like Mark Cuban accidentally downloaded a very sophisticated trojan (https://cointelegraph.com/news/hodlers-beware-new-malware-targets-metamask-and-40-other-crypto-wallets) into his MetaMask. In other words, he was tricked into downloading malware that compromised his wallet. Because almost all metamask wallet "hacks" that occur are caused by scams like this.

Yeah, I do get that even if we're here for too long. We've got some basic background technically of how to take care of our funds.

But with little mistake, this is for sure going to bring a lot of losses for him. It could be just a few percent of his wealth but for people like us, that's a lot.

He's just not careful at all and probably will discourage himself to get back on his shoes on this investment that he's got on the crypto market.

This is why it is really important to learn basic things about internet security. You already said it, even Mark Cuban who we know that he is into technology. It means he is very not cautious.
So for me, what happened on Mark Cuban is just a normal day for other people who are also getting hacked because of their own doings or not being cautious. Well, can't blame them, it must be a lesson to them.

The skeptical me is thinking that Mark Cuban might have wanted to launder the coins in the wallet, however, the wallet is publicly known as his wallet. The only move he can make is have his wallet drained to zero, claim it was hacked and mix those coins where they cannot be detected anymore. He can presently buy new tokens and NFTs without public knowledge. It is also the best time to speculate on some undervalued NFTs again that could be bluechips on the next bull market.

He's a businessman there some things they take a risks for which we won't be able to understand, just like how he got moved with that ETH promise lol.
Nevertheless, this won't going to hurt his wealth.
He said it could be the Metamask extension that caused the hacking incident, he even said that he hasn't moved this wallet for months until that specific time and so he suspected that he has been watched all the time. Well, obviously yes! Any person with ridiculous amount of wealth will be a primary target for any financial attacks.

Don't dismiss Mark Cuban's situation as an "oh, poor billionaire" moment. This may happen to anyone. A 5 ETH hack hit him, but the ripples are bigger. Around $870,000 for 10 cryptocurrencies? This incident should wake everyone up, especially those who engage in DeFi, altcoins, etc.

Is it the Lazarus group again? Maybe. But hackers are everywhere, waiting to exploit your weaknesses. Are your private keys secure? Have you heard of two-factor authentication or hardware wallets? Educate yourself or cybercriminals will target you.

You may laugh at Mark Cuban's tragedy, but you may be the next headline. Stop treating crypto like a video game and tighten your security. Money matters and losses hurt.

Possible.

Didn't he gave any words about this since he's been in the headlines and news. He probably forgotten that eyes of everyone are all on these famous people like him and their wallets.

Let's just say that it is every person whether with huge or small amount of wealth on their wallets can be targeted. These hackers don't choose their victims, everyone is their potential victim.

Although he lost a large fortune, I do not think that this loss affected him much, especially since he found the courage to use a wallet containing this value of assets on an unknown site, which later turned out to be a successful scam attempt.

From the information mentioned in the article, there are no clear details about how the hackers succeeded in their operation, only by promising a percentage of profits that is considered very small compared to the amount they found on the wallet, and most likely they were not expecting that in the first place.

That is such an important and astute observation that many people overlook unfortunately. I do agree that it is a big deal but not enough people give attention to it at all. I agree that people should be getting a lot more care with how they are securing their crypto and all of these examples are terrible for the outlook of crypto, it may make a lot of people feel like crypto is not secure at all and avoid it all together which would make going up in price a lot harder.

I believe that people should be a lot more careful with it, crypto is not dangerous, it's how you try to protect them which will matter and if you do not protect it carefully then you are going to get it stolen just like how Mark Cuban got his stolen.

Well that's what greed can do to a man because if his greed hadn't played on him then like you said 5 Eth is too small for someone who own that amount of fortune and believe me bro when I tell this particular thing can happen to anyone because we all got that human greedy nature in us but for some it's actually lying sleepy till something triggers it because I have seen and heard of so many cheap scam in which if you hear the whole base of it you can begin to get angry but still yet people actually still fall for these cheap scams.

He can say any words to declare that he was hacked, however, my skeptical side would not trust it. We are in a bear market where there are undervalued tokens and NFTs. These big names would certainly not want everyone to know where their money is going or anything he buys will pumped and he might not buy at a good price hehehehe.

In any case, what are the other wallets with famous owners. The owners might follow Mark Cuban's tactic and might be hacked also hehehe.

My point exactly, some people talking so confident and acting all tough forgetting no one is above making a mistake, even the slightest of it can get you in trouble. Can't be be too careful as long as you are human and most importantly being on the Internet.
Whether it was an accident,  or done on purpose for cheap publicity, the fact remains this can be someone else story. Some type of hacks can leave you speechless and in total dismay.

I'm sure there are dozens of stories like this, just with smaller numbers, and people who are not popular. I don't think that's too funny, but defending him is pointless too. He's a rich guy who won't be affected by this much. We should learn this lesson if we haven't done that before.

Of all millions of people involved with the expanding and exciting cryptocurrency industry, we are always assuming that Mark is one who is already well-versed with the safety measures that one should undertake when one is in this industry. I am expecting that Mark Cuban should open up all the details surrounding his Metamask wallet hack so that we can be forewarned and can be learning many things with the end-view of us avoiding the same trap and for Metamask to implement a more secured and safe platform. This is actually sad news because imagine Mark Cuban is not a neophyte with this whole thing and he has an advanced knowledge on many things related to cryptocurrency safety and security. It is getting unfortunate that this kind of story is going to be so "normal" in the coming years...a very sad situation for the victims really.