Token

Dream

Mango

Elon Musk

<ul> 
 <li>Mark Cuban’s wallet with 160 days of inactivity was hacked.</li> 
 <li>Several different cryptocurrencies were stolen from the wallet.</li> 
 <li>Cuban successfully recovered 3.049 million USDC and transferred it to Coinbase.</li> 
</ul> 
<p>Mark Cuban, the billionaire entrepreneur and owner of the NBA’s Dallas Mavericks, recently fell victim to a cryptocurrency wallet hack after his account remained inactive for 160 days. The stolen assets included a diverse range of cryptocurrencies such as 175k USDC, 4.34k USDC, 4.86k USDT, 7.02k RARI, 12.36k MATIC, 338.21 stETH, 5.29 ETH, 8.247 WETH, 697.48k RARE, 16.67k BIT, 5.92 GOHM, and 10k AUDIO.</p> 
<p>Despite the theft, Cuban managed to recover 3.049 million USDC and transferred it back to his Coinbase account, raising questions about the security measures in place and how he managed the recovery.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The address (0x29…dAAc) of Mark Cuban, a well-known American investor and owner of the NBA Dallas Mavericks, was stolen after being idle for 160 days, including 175k USDC, 4.34k USDC, 4.86k USDT, 7.02k RARI, 12.36k MATIC, and 338.21 stETH. , 5.29 ETH, 8.247 WETH, 697.48k RARE,…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1702864329216053634?ref_src=twsrc%5Etfw">September 16, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>This incident serves as a cautionary tale for crypto holders who leave their digital assets in wallets that are not regularly checked or secured. Wallet inactivity could potentially attract hackers who target such dormant accounts, especially those belonging to high-profile individuals like Cuban.</p> 
<p>The hack has also brought to light the imperative need for enhanced security protocols in the crypto space. Whether it’s through two-factor authentication, cold storage, or other advanced measures, securing one’s assets should be a top priority for anyone participating in the cryptocurrency ecosystem.</p> 
<p>Mark Cuban’s experience is a stark reminder of the risks associated with cryptocurrency investment and ownership, highlighting the need for both retail and institutional investors to take adequate precautions. As more high-profile personalities get involved in the crypto space, the importance of comprehensive security measures can’t be overstated.</p> 
<p><strong>Summary:</strong> American entrepreneur Mark Cuban suffered a significant loss as his cryptocurrency wallet was hacked after 160 days of inactivity. The stolen wallet contained various types of cryptocurrencies, yet Cuban was able to recover 3.049 million USDC and transfer it to his Coinbase account. The incident brings attention to the need for heightened security in the crypto space.</p> 
<h2 class="wp-block-heading" id="h-recommended-news">Recommended News :</h2> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/mark-cuban-suspects-sec-to-lay-nightmare-token-registration-rules/">Mark Cuban Suspects SEC to Lay ‘Nightmare’ Token Registration Rules</a></li>
 <li><a href="https://cryptonewsland.com/elon-musk-not-dogecoins-only-fan-mark-cuban-picks-doge/">Elon Musk Not Dogecoin’s Only Fan, Mark Cuban Picks DOGE</a></li>
 <li><a href="https://cryptonewsland.com/hacker-steals-over-100m-from-mango-markets/">Hacker Steals Over $100M From Mango Markets</a></li>
 <li><a href="https://cryptonewsland.com/usdc-achieves-strong-liquidity-milestones-amid-stablecoin-frenzy/">USDC Achieves Strong Liquidity Milestones Amid Stablecoin Frenzy</a></li>
 <li><a href="https://cryptonewsland.com/adas-potential-31-mark-a-distant-dream-or-near-reality/">ADA’s Potential $31 Mark: A Distant Dream or Near Reality?</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/mark-cubans-crypto-wallet-stolen-after-160-days-of-inactivity/">Mark Cuban’s Crypto Wallet Stolen After 160 Days of Inactivity</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Mark Cuban’s Crypto Wallet Stolen After 160 Days of Inactivity

Table of Contents

Crypto News Land

Other articles published on Sep 16, 2023

After declining to participate in Friend.tech due to regulatory issues, DJ 3LAU raises a stir.

Leancoin and Sallar - Strategic Cross-Ecosystem Partnership

UniCredit Share Price Prediction: Can UCG Stock Crash Below €20?

BTC Breaking Above $28K Will Signal Full Bull Says Analyst

XRP Advocate and Crypto Lawyer John Deaton Joins LBRY Lawsuit – Here's the Latest

Bitcoin and This 100X Bitcoin Alternative Will Catapult TradFi Out of The ‘fax era’ Into the Future

Join our free newsletter for daily crypto updates!