After a period of dormancy spanning nearly two years, the cryptocurrency wallet owned by tycoon Mark Cuban has been observed actively offloading a variety of non-fungible tokens (NFTs).
On the 23rd of June, transactions commenced from Cuban’s wallet, identifiable by the Ethereum Name Service (ENS) domain “markcuban.eth,” with a diverse array of NFTs being liquidated. The assortment included pieces from EulerBeats Genesis, DeepBlack, Pudgy Penguins, and Wrapped MoonCats collections.
The previous transaction from this wallet dates back to January 13, 2022, when Cuban divested a Roc Aero Pitch Deck NFT at a modest price of $33.73.
**Mark Cuban’s Wallet Initiates Over $100,000 in NFT Sales**
Within a span of just two days, Cuban has parted with 14 NFTs, accumulating approximately $38,533. Among these, the most valuable was Pudgy Penguin #6239, fetching a price of 9.06 Wrapped Ether (WETH), equivalent to $30,578. The remaining NFTs were sold for amounts ranging between $22 and $1,800.
A glimpse of the NFTs sold by Cuban. Courtesy of OpenSea.
In addition to these sales, Cuban is poised to divest two more high-value NFTs. He has listed his Hashtag NFT #MFFL for 15 Ether (ETH), valued at over $50,000, and a BibleNFT titled Deuteronomy 25:4 for 5 ETH, approximately $16,000.
Should these two NFTs find buyers, Cuban’s wallet will have executed sales exceeding $100,000 in merely two days.
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**Security Breach Affects Mark Cuban**
Coinciding with the NFT sales, Cuban, aged 65, encountered a security breach. On June 23, he reported a compromise of his Gmail account following a deceptive phone call.
Cuban disclosed in a post that an individual, self-identified as “Noah,” falsely alerted him to a security breach and mimicked Google’s account recovery protocols. Cuban cautioned, “Post 3:30 pm PST, any communication from [email protected] is not authorized by me.”
By June 25, Cuban updated his followers on the successful retrieval of his account, expressing gratitude towards Google’s support team.
Image Credit: Mark Cuban
While the sale of NFTs and the hacking incident occurred concurrently, a direct connection between the two remains speculative.
In a separate event in 2023, Cuban’s wallet suffered a significant loss, with approximately $870,000 in cryptocurrency assets being siphoned off. Analysis of Etherscan data revealed multiple withdrawals involving USD Coin (USDC), Tether (USDT), and Lido Staked Ether (stETH).
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