Mark Cuban Dumps NFT Collection Worth Over $100,000 Amid Gmail Account Hack

Billionaire investor and Shark Tank star Mark Cuban sold over 14 NFTs for over $38,500 amid a hacker taking over his Gmail account.

The 65-year-old investor was seen selling its Pudgy Penguins NFT #6239 for over $30,000 at the time of sale, according to one of its OpenSea wallets with the Ethereum Name Service (ENS) domain “markcuban.eth.”

Other notable NFTs sold by Cuba in the last 2 days include coins such as EulerBeats Genesis and DeepBlack NFT to EtherIslands and Wrapped MoonCats for prices ranging from $22 to $1,846.

Some NFTs sold by Mark Cuban | Source: Open Sea

In addition to these sales, on June 24, Cuban also listed two other premium NFTs that he plans to sell. These include his Dallas Mavericks-themed Proof of Culture NFT for 15 ETH worth $50,331 at the time of writing and BibleNFT called Deuteronomy 25:4, for another $16,777.

If the sales go through, Cuban will have sold over $100,000 worth of NFTs in a 2-day period.

Meanwhile, data from OpenSea indicates that Cuban’s wallet, identified as one of two wallets owned by the owner of the Dallas Mavericks NBA franchise, currently still contains around 1,600 items. The vast collection of NFTs is valued at over 1,900 ETH, or approximately $6.2 million.

The latest NFT dump from the Cuban wallet comes amid a security incident linked to the billionaire.

On June 23, Cuban went to X to report that his Gmail account had been compromised following a deceptive call.

In his post, he said an individual named “Noah” had falsely claimed there was an intruder and imitated Google’s recovery procedures.

Cuban warned: “If anyone receives anything [email protected] after 3:30 p.m. PST, it’s not mine.

By June 25, Cuban regained control of his account and publicly thanked Google’s X team for their help in the recovery process.

Although the hack and the sale of NFTs through the Cuban wallet took place on the same day, the connection between the two remains murky.

Since the NFT boom in 2021, Cuban has been a main advocate of NFTsmaking substantial investments in projects and platforms, including CryptoSlam and Mintable.

Cuban continued to be optimistic about NFTs in late 2023, telling collectors to buy for love and not speculation.

He also drew comparisons between the initial challenges faced by now-successful tech giants such as Amazon and Microsoft and the current state of the NFT market, suggesting similar growth potential.

The sale of Cuban NFTs also occurred at the same time that the floor price of Bored Ape Yacht Club (BAYC) NFTs dropped significantly, falling below 10 ETH last week. This context has generated speculation about the timing and motivations of its sales.

Meanwhile, more The NFT market has experienced a significant slowdownreflecting a broader cooling of enthusiasm and investment in this digital asset space.

According to data compiled by CryptoSlam, the total NFT sales volume over the past 30 days stands at $485 million, representing a substantial drop of over 48%.

Cuban’s decisions can be interpreted as a reaction to current market conditions or as a calculated decision within his broader investment portfolio.

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