USDC

<div class="sg-post-des">
 Mark Cuban confirmed that he was hacked, but doesn’t appear to know exactly how it happened as of yet. 
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<div class="cointelegraph">
 Nearly $900,000 worth of crypto was reportedly drained from one of the hot wallets belonging to billionaire investor and Dallas Mavericks owner Mark Cuban.
 Independent blockchain sleuth @WazzCrypto was the first to spot the hack on Sept. 15 at around 8 PM UTC, after they highlighted suspicious behavior happening with one of Cuban’s <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s that the 65-year-old hadn’t interacted with for roughly five months. 
 <blockquote class="twitter-tweet">
 Lmao, did Mark Cuban's <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> just get drained? Wallet inactive for 160 days and all assets just moved pic.twitter.com/vWnMZFyHB5— Wazz (@WazzCrypto) September 15, 2023
 </blockquote> 
 According to the transaction history on Etherscan, several batches of assets such as USD Coin (USDC), Tether (USDT) and Lido Staked Ether (stETH) were suddenly withdrawn from the <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> within a 10- minute window. 
 Adding complexity to the matter, another $2 million worth of USDC was then also withdrawn and sent to a different <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>, leading WazzCrypto to suspect that Cuban may have just been moving assets around. 
 However, a few hours later Cuban then confirmed to DL News that he had gone on MetaMask for the first time in months, and vaguely suggested that the hacker or hackers may have been watching and waiting for a moment to pounce. 
 Cuban added that he had transferred any remaining assets to Coinbase Custody, essentially confirming that the $2 million USDC transaction was him. 
 Related: North Korean crypto hacks down 80%, but that could change overnight: Chainalysis
 In terms of the hack, members of the community were quick to point out that as opposed to hackers watching Cuban’s activity, he must have done something that led to the security breach. 
 Some suggested that Cuban may have mistakenly signed a malicious transaction, while others asserted that his private key was compromised given that the funds were directly transferred out of the <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>. 
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 Speculation on how Mark Cuban was hacked. Source: X
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 This is not the first time Cuban has taken a hit in the crypto market. 
 Back in June 2021, Cuban lost an unspecified amount of capital on what he called a “rug pull” after an algorithmic stablecoin project called Iron Finance imploded amid a supposed bank run. 
 Magazine: Hodler’s Digest, Aug. 27 – Sept. 2: SEC delays BTC ETF decision, Grayscale triumphs over SEC and BitBoy gets the boot
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Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/mark-cuban-s-loses-870k-in-hot-wallet-hack-tbt62944.html">https://thebittimes.com/mark-cuban-s-loses-870k-in-hot-wallet-hack-tbt62944.html</a>

Mark Cuban's loses $870K in hot wallet hack

TheBitTimes

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