- Jan 8, 2011
- Content source
Arkham Intelligence, a blockchain analytical firm, reported that Cuban managed to prevent a more significant loss by swiftly transferring his remaining assets to Coinbase before the hacker could seize them all.
On-chain analyst WazzCrypto was the first to report on the $870,000 breach. According to the analyst, the attacker targeted a wallet that had lain dormant for nearly 160 days before the exploit.
At first, it seemed Mark Cuban was transferring his assets to a new wallet. However, irregularities in the transaction pattern raised suspicions.
WazzCrypto highlighted that the owner of the Dallas Mavericks managed to transfer approximately $2.5 million in USDC to Coinbase, thwarting the attacker’s plans to snatch those funds as well.
Cuban later confirmed the hack, stating it happened after he downloaded a version of MetaMask with malware.