$870.000 Worth Of ETH, MATIC And USDC Exploited From Dallas Mavericks In Recent Hack


Mavericks, an outstanding blockchain sleuth, first pointed out the happening in a progression of tweets, having seen uncommon conduct shown by the address labelled “Mark Cuban 2” at 23:00 (UTC) yesterday.

The location had remained torpid for 160 days and recently started moving out its assets. The first transaction included $175K worth of USDC shipped off an Ethereum wallet yesterday at 22:55 (UTC). The Ethereum wallet that was received presently has the tag “Mark Cuban Hacker.”

After the significant USDC surge, succeeding moves happened in no time. The flood of transfer saw the movement of 4,337 ENS, 4,859 USDT, 7,020 RARI, 12,354 MATIC, 338 stETH, 5.29 ETH, 697K RARE, and a few different assets.

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These transfers happened in something like 60 minutes, adding weight to the doubts of a hack. Notwithstanding, Wazz theorized that his doubts could have been wrong when he saw Mark Cuban move $2 million worth of USDC to a different address.

In any case, Cuban affirmed the hack in a report to news house DL News, as detailed today. Obviously, the tycoon saw the adventure and figured out how to take out a portion of his assets. Chinese correspondent Colin Wu noticed that he recuperated $3 million worth of USDC, sending it to Coinbase.

Cuban’s address presently holds a small surplus of $6,368 as of the time of reporting. In the meantime, the hacker’s wallet brags $871K worth of a few resources, which include $188K for ETH and $554K in stETH. The address traded the $175K worth of USDC to wETH not long after the endeavor.

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Reason Behind

Cuban told DL News that he accepted the hacker had probably been “watching” him as he opened his MetaMask wallet without precedent for some time to see that his record had been compromised.

He conceded that the hack might have come about because of a phony MetaMask application he downloaded. He revealed, “I’m pretty sure I downloaded a version of MetaMask with some shit in it.” This comment matches up with doubts inside the crypto space.

The endeavor is the most recent in a progression of hacks seen inside the space throughout recent months. On Monday a few Investors as of late lost nearly $700K to a phishing trick utilizing Ethereum pioneer Vitalik Buterin’s hacked X account.

entities like Atomic Wallet, CoinEX, and Stake have additionally experienced high-profile hacks, with misfortunes of $270M in 102 days. investigation connected these hacks to North Korea’s Lazarus Group.

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Meet Daniel Abang: Crypto guru, content creator, and analyst. With a deep understanding of blockchain, he simplifies complex concepts, guiding audiences through the ever-changing crypto landscape. Trusted for his insightful analysis, Daniel is the go-to source for staying informed and empowered in the world of cryptocurrency.