Mark Cuban, the owner of the Dallas Mavericks and a prominent figure in the cryptocurrency industry, suffered an unfortunate cyber-phishing attack on September 16, resulting in a loss of over $800,000 in cryptocurrency. The attack targeted his MetaMask wallet, leading to a total loss of approximately $870,000, including $555,000 in Ethereum and $175,000 in USDC, which was converted to Ethereum on Coinbase. Cuban suspects a security breach may have allowed hackers to compromise his MetaMask private key, facilitating fraudulent transactions. This incident occurred amid a series of high-profile hacks, including Vitalik Buterin's (Ethereum's founder) X account, resulting in $700,000 in losses due to a phishing website. A recent report from Immunefi also highlighted a 65.3% increase in cyberattacks on the cryptocurrency market in the last quarter compared to Q2 2022, with hacking accounting for the majority (83.1%) of these incidents, despite an overall decrease in the value of losses from cyberattacks in the second quarter.

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