Billionaire Mark Cuban, the owner of the Dallas Mavericks and a vocal supporter of cryptocurrency, was hacked on September 15 and lost approximately $870,000 in crypto assets.
The hack was first reported by on-chain analyst WazzCrypto, who noticed suspicious activity on a wallet that had been dormant for nearly 160 days.
Lmao, did Mark Cuban's wallet just get drained?
— Wazz (@WazzCrypto) September 15, 2023
Wallet inactive for 160 days and all assets just moved pic.twitter.com/vWnMZFyHB5
Cuban confirmed the hack later and stated that it happened after he downloaded a version of MetaMask with malware.
He was able to prevent a more significant loss by swiftly transferring his remaining assets to Coinbase before the hacker could seize them all.
In a post following the hack, Binance CEO Changpeng Zhao (CZ) shared some insights on how individuals can better protect their crypto assets.
He emphasized the importance of using strong passwords, two-factor authentication (2FA), and hardware wallets.
He also discussed methods for securing private keys and facilitating their secure transfer to heirs.
"Even or especially when you manage your own wallet, there are many more security procedures you need to follow," CZ said.
