# Mark Cuban got phished for $860K.

**Published by:** [Durwin](https://paragraph.com/@durwin/)
**Published on:** 2024-01-08
**URL:** https://paragraph.com/@durwin/mark-cuban-got-phished-for-860k

## Content

Cuban has an estimated net worth of $6.2 billion as of November 2023, according to Forbes. Cuban sold Broadcast.com to Yahoo for $5.6 billion before the dotcom bubble burst. He also owns Mark Cuban Cost Plus Drug Company, which sells generic prescription drugs at wholesale prices.Imagine this: You’re a billionaire. You’ve got investments that will make anyone envious. You own an NBA team. You got billions in real estate and various investments. You have invested in dozens of web3 companies. You own Bitcoin, Eth and hundreds of NFTs. Then, one day, you’re out $860K because of a phishing scam. Mark, the billionaire shark tank investor on TV got phished for nearly a million dollars. So, how does a shark get caught in the net? Simple. The same way anyone does. A slip of attention, a clever ruse, and poof — crypto gone.Yeap, people do that. They track the big boys and their wallets.He download a fake version of MetaMask and logged in. Allowing hackers to gain access to his wallet. The attackers swiped his tokens and NFTs like candy from a baby. And Mark? He didn’t see it coming. He was able to salvage millions of dollars in tokens and his CryptoPunk. That CryptoPunk was worth $77K. Here’s the thing: Cuban’s no rookie. He’s the guy with a Midas touch in Web3, holding a trove of NFTs and a portfolio that’s the envy of crypto enthusiasts. He was a loud supporter of web3 and advocated everyone to jump onboard.Everyone in crypto is out to get you and your money. Watch out!Yet, here we are. Mark’s sitting pretty, even post-phishing. He is still worth $5,2B. But this isn’t about the dent in his wallet. It’s about the glaring sign that screams: “Crypto’s still the Wild West.” $860K is a lot of moolah no matter what. Mark Cuban’s recent $860K loss to phishing is a stark reminder that in the digital deep end, even the sharks can drown.NFTs may have crashed since its all-time highs, but they are still worth quite a bit, especially the rarer ones.Cuban, with his seasoned portfolio in Web3, from blockchain ventures to a collection of NFTs, knows his way around these waters. Yet, he got hooked. If a shark like Cuban can get phished, what does that say about crypto’s readiness for the average Joe? It scares me that even in 2023, years into the crypto hype, the world of web3 is still so perilous. How can we ever expect it to go mainstream if the roads ahead are so dangerous and filled with pitfalls? How can a grandmother or a school teacher trust crypto enough to navigate and use it safely?The world of crypto is filled with traps, surprises and wonders. Don’t get caught up in it.How can we ever expect the common man to trust crypto when it is still so difficult to set up a wallet, send to the right address, understand all the nuances and still somehow avoid hackers and phishers? Till we solve these fundamental issues, trust in crypto will never be deep. Without trust, how far along can crypto really go? -Do you think crypto is safer now?- #MarkCuban #Crypto #Phishing #NFT #Web3 #Investment #BillionaireBlunder #CyberSecurity #CryptoSafety #DigitalAssets #Blockchain #TechSavvy #CryptoCommunity #LessonLearned #CryptoWildWest #NetWorth #CommonManCrypto

## Publication Information

- [Durwin](https://paragraph.com/@durwin/): Publication homepage
- [All Posts](https://paragraph.com/@durwin/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@durwin): Subscribe to updates
- [Twitter](https://twitter.com/DurwinHo): Follow on Twitter