Nfts
Mark Cuban’s wallet abandons NFTs amid security incident
Billionaire Marc Cuban‘s crypto wallet, markcuban.eth, is actively selling non-fungible tokens (NFTs) after nearly two years of inactivity. On June 23, Cuban Wallet sold 14 NFTs worth approximately $38,533 and listed two more NFTs for sale, totaling approximately $66,000. This recent activity in the NFT market has attracted the attention of many crypto enthusiasts.
Sales Details
The NFTs Cuban sold ranged from EulerBeats Genesis and DeepBlack NFTs to Pudgy Penguins and Wrapped MoonCats. The highest valued 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 ads
In addition to the sales, Cuban listed two high-value NFTs: Hashtag NFT #MFFL for 15 Ether (over $50,000) and a BibleNFT item called Deuteronomy 25:4 for 5 Ether (around $16,000). If these NFTs are sold, total Cuban wallet sales will exceed $100,000 in just a few days.
Security issues
The sudden activity in Cuban’s wallet coincides with a recent security incident. On June 23, Cuban’s Gmail account was compromised by a scam call. Cuban reported the incident on social media, warning that emails coming from his account after 3:30 p.m. PST did not come 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 NFT sales and the security breach are linked. However, this is not the first time that Cuba has faced security problems. In 2023, one of his crypto wallets was emptied of around $870,000 worth of crypto assets, including USD Coin (USDC-USD), Attached (USDT-USD), and Lido Staked Ether (stETH-USD).
Key to remember
Mark Cuban’s recent NFT sales, alongside a security scare, have generated considerable interest in the crypto community. This activity highlights its continued involvement in the market and the crucial need for robust security measures in the crypto space. As Cuba navigates these developments, its actions are a reminder of the volatile and unpredictable nature of the cryptocurrency world.