🚨 AFTER LOSING $870,000, MARK CUBAN GOT HACKED AGAIN!!! 🚨

📧 Gmail Hack Incident:
Billionaire investor Mark Cuban revealed that his Gmail account was compromised on June 22 after a hoax call, warning that any emails from his account after 3:30 PM PST are not from him.

📞 Hoax Call Details:
Cuban shared on X that a caller, impersonating a Google employee, tricked him into revealing account information by claiming there was an intruder and spoofing Google’s recovery methods.

🔒 Community Reactions:
The crypto community sent supportive messages, while some speculated about the volume of missed emails. Kraken's CSO, Nick Percoco, joked about the potential flood of unread messages Cuban would face once he regained access.

💬 User Concerns:
Amidst the chaos, some users questioned the security of Cuban’s X account, suggesting that it might also be compromised.

💸 Previous Crypto Wallet Hack:
This incident follows a previous security breach where Cuban’s crypto wallet was drained of $870,000. In September 2023, blockchain sleuth Wazz noticed suspicious activity in Cuban’s wallet, which he hadn't used in months.

⚖️ Advocacy for Crypto Regulation:
Despite these setbacks, Cuban continues to advocate for more favorable crypto regulations in the U.S., pushing for the CFTC to regulate crypto instead of the SEC.

Don't fall for scams, spoofing- and phishing attacks.
Always question suspicious activities and stay alert!
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#markcuban #scamalert #hack #cryptoscam #warning

$BTC $ETH eth $SOL

🚨 Every Meme Coin is a Rug Pull in the Works — Mark Cuban

Billionaire investor Mark Cuban has slammed meme coins, calling them “drawn-out rug pulls” with no real-world utility. On the Rug Radio podcast, Cuban equated meme trading to roulette, emphasizing that these tokens thrive on hype, not fundamentals: "It's like musical chairs," Cuban said, noting that meme coins rely solely on attracting more buyers to increase value, eventually collapsing when there are no more "greater fools" to sell to.

Cuban argued that meme coins are supported by the Greater Fool Theory—the idea that people buy overvalued assets expecting to sell them for a profit to someone else who thinks they can do the same. For him, meme coins are about gambling, not investing. "Nobody is so stupid as to think this is a great investment," he added, admitting he's occasionally tempted to trade meme coins but always refrains. Despite Cuban’s critique, 2024 has seen explosive growth in meme coin markets.

Over 381,000 new meme coins were created on the Solana network in just the past month. Many of these tokens lose over 99% of their value within days, showcasing the pump-and-dump culture Cuban warns about. Even so, some meme coins, like Pepe (PEPE) and Dogwifhat (WIF), have managed to gain traction. Pepe surged 30% in late September, though these gains quickly evaporated in October, reflecting the volatile and speculative nature of the market.

Takeaway: While meme coins can offer short-term thrills, Cuban’s warning highlights the risks: they're often a gamble, not a solid investment. If you're trading, just know the game might end sooner than you think.

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