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Shark Tank Star Mark Cuban Loses Small Fortune After Heist Clears Out His Account

If you’re a Dallas Mavericks fan, and have concerns that Mark Cuban isn’t willing to spend the money he should on the team … you may want to avert your eyes.

Cuban, the Mavs team owner and also a “shark” on the investment reality show “Shark Tank,” recently revealed that he was the victim of a cryptocurrency scam.

And while the amount of money he lost — approximately $870,000, according to the cryptocurrency site DL News — isn’t especially hurtful to a billionaire, it’s a sizable chunk of fortune to have stolen.

Cuban told DL News that “someone got me for 5 eth,” referring to Ether, a type of cryptocurrency.

According to DL News, five Ether is worth about $9,000.

The other $861,000 worth of losses came across another nine different types of cryptocurrency.

When observers noticed some strange activity in Cuban’s cryptocurrency portfolio, the loquacious Dallas Mavericks owner discovered the fraud after not using the platform for a period.

“I went on MetaMask for the first time in months,” Cuban told DL News.

(MetaMask is, grossly simplified, a sort of digital “wallet” for digital cryptocurrency.)

Cuban added that hackers “must have been watching” his cryptocurrency accounts.

The 65-year-old celebrity entrepreneur appeared to lay the blame for the digital heist at the feet of MetaMask.

“I’m pretty sure I downloaded a version of MetaMask with some s*** in it,” Cuban said.

According to DL News, “Many fraudsters create fake MetaMask extensions or applications, tricking users into providing their private keys or seed phrases. Once these malicious actors gain access, they can easily drain users’ cryptocurrency wallets.”

Cuban did note that much of the potential damage was mitigated.

“Since I was only working with the account that got hacked, none of my others gave up anything,” he told DL News.

Much to the chagrin of cryptocurrency users, this has been the second high-profile cryptocurrency scam this month.

On Sept. 6, the FBI put out an official release connecting a North Korean hacker group to a whopping $41 million heist from an online casino that specializes in cryptocurrency.

And if there was any doubt about the lucrative nature of cryptocurrency crime, the FBI warned that this hacker group has stolen hundreds of millions of dollars.

“These same  DPRK [Democratic People’s Republic of Korea, or North Korea] actors are also responsible for several other high-profile international virtual currency heists. In 2023 alone, DPRK cyber actors have stolen more than $200 million,” the FBI stated in its release.

The FBI added: “This amount includes, but is not limited to, approximately $60 million of virtual currency from Alphapo and CoinsPaid on or about July 22, 2023, and approximately $100 million of virtual currency from Atomic Wallet on or about June 2, 2023.”

READ 10 COMMENTS
  • Ruger1 says:

    Hahaha… Couldn’t of Happened to a Nicer Cock Sucker!!!!
    #FJB

  • f says:

    I don’t gamble – at all. Never did. I always had to work too hard for my money to blow it on a ‘maybe’. I don’t ‘knock’ people who do gamble, but in the same sense, I don’t view them as veery intelligent either. Why? Because the majority of people who gamble are the exact people who can’t afford to. Most exist on the backs of hard-working, taxpayers via a welfare system which allows dozens of government ‘entitlement’ programs to GIVE money to those who don’t deserve it. Because their lives are more than generously supported, (for CHOOSING not to work), they believe they can afford to gamble. They can’t – but continue to gamble anyhow – and blow it all – and then cry for more…or (have the audacity to) beg a hard-working, taxpayer for money. This has happened to me – by family. What was my answer? “I’d just as soon put a fucking bullet in your head, than listen to one more word come out of your mouth. Now FUCK OFF!”.

    When it comes to crypto, I believe these are the least intelligent among this ilk, (although many appear to be the opposite). Most are con men/women, charlatans, and scammers. So, when these are the ones scammed – there’s absolutely no sympathy from me. Again, the only ‘helping hand’ they’ll get is a bullet in the head…

  • Guido says:

    Sorry to see anyone get hit. It must not be one of the 10 things Biden told China they better not hack, or else! That wet paper bag he tries to work his way out of must be strong.

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