Mark Cuban’s wallet throws away NFTs after security incident

Billionaire Mark Cuban’s crypto wallet, markcuban.eth, is actively selling non-fungible tokens (NFTs) again after nearly two years of inactivity. On June 23, Cuban’s wallet sold 14 NFTs worth around $38,533 and offered two more NFTs for sale, totaling around $66,000. This recent activity in the NFT market has caught the attention of many crypto enthusiasts.

Sale 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), valued at $30,578. Other NFTs sold varied in price from $22 to $1,800.

High-quality offers

In addition to the sales, Cuban has 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 (about $16,000). If these NFTs sell, the total sales from Cuban’s wallet will exceed $100,000 in just a few days.

Security concerns

The sudden activity in Cuban’s wallet coincides with a recent security incident. On June 23, Cuban’s Gmail account was compromised through a scam phone call. Cuban reported the incident on social media, warning that any emails from his account after 3:30 p.m. PST were not from him. On June 25, Cuban announced that he had regained control of his Gmail account and publicly thanked the Google team.

It is unclear if the NFT sales and the security breach are related. However, this is not the first time Cuban has faced security issues. In 2023, one of his crypto wallets was emptied of crypto assets worth about $870,000, including USD Coin (USDC-USD), holding belt (USDT-USD) and Lido Staked Ether (stETH-USD).

Key finding

Mark Cuban’s recent NFT sales have generated significant interest in the crypto community, alongside a security concern. This activity underscores his continued commitment to the market and the urgent 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.