Mark Cuban sells NFT assortment valued at over 100K following compromise of Gmail account

Mark Cuban, a billionaire investor and star of Shark Tank, has recently sold more than 14 NFTs for a total of over $38,500. This comes after a hacker took over his Gmail account. One of the NFTs sold, Pudgy Penguins NFT #6239, was sold for over $30,000. Other NFTs sold by Cuban include EulerBeats Genesis and DeepBlack NFTs to EtherIslands and Wrapped MoonCats, with prices ranging from $22 to $1,846.

In addition to these sales, Cuban listed two more premium NFTs for sale on June 24, including a Dallas Mavericks-themed Proof of Culture NFT worth $50,331 and a BibleNFT called Deuteronomy 25:4, which sold for $16,777. If these sales go through, Cuban will have sold over $100,000 in NFTs in just 2 days.

According to OpenSea data, Cuban’s wallet still contains about 1,600 items, valued at over 1,900 ETH, or around $6.2 million. This comes following a security incident where Cuban’s Gmail account was compromised after a deceptive call. Cuban has since regained control of his account and thanked Google’s team for their assistance.

Despite the hack and the sale of NFTs occurring on the same day, the connection between the two remains unclear. Cuban has been a leading advocate for NFTs since the NFT boom in 2021, making substantial investments in projects and platforms such as CryptoSlam and Mintable. He has continued to be bullish about NFTs, encouraging collectors to purchase out of love rather than speculation.

The sale of Cuban’s NFTs comes at a time when the wider NFT market has experienced a significant downturn, reflecting a broader cooling off in enthusiasm and investment in digital assets. The total volume of NFT sales in the last 30 days has decreased by over 48%. Cuban’s moves may be interpreted as a reaction to current market conditions or as a calculated move within his larger investment portfolio.

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