Mark Cuban's Wallet under Attack

Business people and celebrity earn not only fame and name. But they also earn one drawback from the nature, called overconfidence. Especially people once get addicted to the name and exposure they go into the show off mode. And literally show everything to the world out there.

Mark cuban got more fame in the Shark tank than anything he did in his business. I feel that the shark tank was the exposure place for the people who were achievers in the business. And the thing about the Mark Cuban was he used to be less into negotiation and he was more into picker.

He earned a good reputation but he kind of made the life more bitter and bitter for the people who used to follow him due to his bad recommendations in the crypto. He was one who lost money into crypto like kevin o leary. And his investment into titancrypto defi was famous.

Now this time Mark Cuban's wallet is under threat.

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Image Credit: Entrepreneur

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Mark cuban has his wallet got attacked and variety of his assets were taken to another wallet and then swapped. I am not sure if this is something done by the hacker or this millionaire did some of the backend to the movement of these tokens.

I think if we think of how these people who trusted mark cuban and his advice for the crypto investment have learned the lesson now. The hacked wallet had the crypto of around $870,000 USD. And that is not some small amount of money.

Below is the wallet that shows the status of the wallet with variety of assets.

As you can see from the tweet, the wallet was inactive for like 160 days. Which is alright if we go by the theory of the HODL. And we know that such type of the assets if remained inactive and has some sort of the opening which is rare for all the crypto to happen at the same time.

But then again we can see that Inactive wallets often get hacked. If you have high amount stored in the asset, you can see that they are likely to get hacked. And it may become another form of a threat. It would be not safety assured type of scenario for crypto adoption either. You can't keep retirement income into the crypto.

Another thing is more assurance issue is that cuban moved his USDT to the coinbase. So that kind of made the impression that coinbase is more safe than the decentralized wallet. Which we all know is not true. So I am kind of wondering how come he had issues with the 160 wallet of different asset at the same time.

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Few things to learn here are make sure you own your keys and the wallet. And not keep them in such a high amount into the crypto. That would only make things a bit more assured for our own sake.

Posted Using LeoFinance Alpha