NFTs
Mark Cuban’s Wallet Drops NFTs Amid Security Incident
Billionaire Marcos CubanoMarkcuban.eth’s crypto wallet has been actively selling non-fungible tokens (NFTs) after nearly two years of inactivity. On June 23, Cuban’s wallet sold 14 NFTs worth about $38,533 and listed two more NFTs for sale totaling about $66,000. This recent activity in the NFT market has caught the attention of many crypto enthusiasts.
Sales Details
The NFTs sold by Cuban ranged from EulerBeats Genesis and DeepBlack NFTs to Pudgy Penguins and Wrapped MoonCats. The highest value NFT sold was Pudgy Penguin #6239, listed at 9.06 Wrapped Ether (WETH), worth $30,578. Other NFTs sold ranged in price from $22 to $1,800.
High Value Listings
In addition to the sales, Cuban listed two high-value NFTs: Hashtag NFT #MFFL for 15 Ether (over $50,000) and a BibleNFT piece called Deuteronomy 25:4 for 5 Ether (around $16,000). If these NFTs are sold, Cuban’s total portfolio sales will surpass $100,000 in just a few days.
Security concerns
The sudden activity on Cuban’s wallet coincides with a recent security incident. On June 23, Cuban’s Gmail account was compromised through a fraudulent call. Cuban reported the incident on social media, warning that any emails from his account after 3:30 pm PST were not from him. On June 25, Cuban announced that he had regained control of his Gmail account, publicly thanking the Google team.
It is unclear whether the NFT sales and the security breach are related. However, this is not the first time that Cuba has faced security problems. In 2023, one of his crypto wallets was drained of approximately $870,000 worth of crypto assets, including USD Coin (USDC-USD), Mooring (USDT-USD) and Lido Staked Ether (stETH-USD).
Main advantage
Mark Cuban’s recent NFT sales, coupled with a security scare, have sparked significant interest in the crypto community. This activity highlights its continued involvement in the market and the critical need for robust security measures in the crypto space. As Cuban manages these developments, his actions serve as a reminder of the volatile and unpredictable nature of the cryptocurrency world.