How to lose almost $1 million in crypto after months of inactivity?

Another scam in the crypto ecosystem! While the market is recovering some colors with most assets in green, a new case is shaking the web. Mark Cuban, businessman and crypto investor, has just experimented with phishing. A phenomenon that is becoming more and more recurring.

In short :

  • Mark Cuban victim of crypto scam after several months of inactivity and joins the list of many victims
  • Scams are becoming more and more frequent, especially as they apparently target major market players.
  • More vigilance does not mean refusal; it is essential to recognize when you are a victim of phishing and to react immediately.

Mark Cuban goes under the radar, another crypto scam on the list!

The crypto sector is picking up and while investors are happy about it, others don’t have the time to do so. Like all sectors of activity, the latter is not safe from malicious people and this is confirmed every day with the multiplication of hacks.

This time, it’s Mark Cuban’s turn to checkout. In all likelihood, the billionaire lost nearly a million dollars by clicking on a phishing link. The wazzcrypto chain detective revealed that the owner of the Dallas Mavericks was the victim of a crypto scam this weekend.

In fact, the latter had downloaded a pirated version of the Metamask application. In the process, the hackers emptied his wallet of stablecoins linked to the United States worth $870,000. These include ETH (stETH), SuperRare (RARE) and other Ethereum Name Service (ENS) tokens. Oddly, this event occurs shortly after another similar accident, the hack of Vitalik Buterin’s Twitter (X) account.

The hacks continue, many high-profile people targeted

It is known that the crypto ecosystem can reap many benefits. But if this is a dream for investors, hackers also see it as a golden opportunity. Indeed, the more the sector grows, the more it attracts the attention of malicious people. Apparently, high-profile players are prime targets, since Mark Cuban’s scam comes shortly after the phishing of the Ethereum co-founder.

But they are not the only ones, since the CEO of Binance, Changpeng Zhao, would have been fooled if he had not been vigilant. Fortunately for Cuban, he reacted in time and transferred the tokens to a Coinbase exchange address. This idea allowed him to save $2.5 million in Polygon (MATIC) tokens.

Scams are so common in the ecosystem. Every month, if not every week, someone falls victim to a crypto scam. Therefore, it is essential to be vigilant and properly store sensitive data. One minute of inattention, and millions can fly out of your wallet.

Receive a summary of the news in the world of cryptocurrencies by subscribing to our new service newsletter daily and weekly so you don’t miss anything of the essentials!

Similar Posts