Tech
Marc Cuban’s Crypto Wallet Awakens with NFT Sales
After nearly two years of inactivity, the cryptocurrency portfolio associated with billionaire Marc Cuban has started selling again non-fungible tokens (NFTs). Mark Cuban is a prominent personalities in the NFT spacewhich further aggravates the gravity of its sale.
On June 23, the wallet identified by the Ethereum Name Service (ENS) domain”markcuban.eth” started downloading various NFTs, including EulerBeats Genesis, DeepBlack, Pudgy Penguins and Wrapped MoonCats. The previous wallet transaction occurred on January 13, 2022, when a Roc Aero Pitch Deck NFT sold for $33.73.
Over the past two days, the Cuban Wallet has sold 14 NFTs, totaling approximately $38,533. The most valuable sale was Pudgy Penguin #6239, trading at 9.06 Wrapped Ether (WETH), equivalent to $30,578. The value of other NFTs sold ranged from $22 to $1,800.
High value sales potential
Two other high-value NFTs remain listed in the wallet. An NFT hashtag #MFFL is priced at 15 Ether (ETH), worth over $50,000, while a BibleNFT piece titled Deuteronomy 25:4 is listed for 5 ETH (around $16,000). If sold, these transactions would push total portfolio sales above $100,000.
Interestingly, this NFT sell-off coincides with a recent security breach reported by Cuban. On June 23, the 65-year-old investor claimed his Gmail account had been compromised following a fraudulent call. Cuban warned his followers of potential unauthorized emails coming from his account. Two days later, he announced the successful recovery of his account, publicly thanking the Google team.
Thanks to @Google for your help in getting my account back. I really appreciate everything you’ve done.
—Mark Cuban (@mcuban) June 24, 2024
Although the NFT sales occurred on the same day as the reported hack, it is unclear whether the two events are connected. This is not the first time that Cuban crypto assets have faced security issues.
Who is Mark Cuban?
Mark Cuban is a prominent American entrepreneur, investor, and media owner. Born in 1958 in Pittsburgh, Pennsylvania, Cuban rose to prominence in the business world during the dot-com boom of the late 1990s. He co-founded Broadcast.com, an Internet radio company, later acquired by Yahoo! for $5.7 billion in 1999.
After his success with Broadcast.com, Cuban diversified his investments and business interests. He is the owner of the NBA’s Dallas Mavericks, which he purchased in 2000, and has since turned the team into a successful franchise. Cuban is also known for his role as one of the “shark” investors on the popular TV show “Shark Tank,” in which he evaluates and invests in startups.