Billionaire Crypto Promoter Mark Cuban Lost Nearly $1M In Common Scam

The cryptocurrency market is a jungle of opportunists, thieves and self-proclaimed experts in the field. In essence, it is best to do your research and never completely trust those you are dealing with. As a result of recent developments in the field, it's now clear how even big influencers accustomed to this ignorance-starved economy have the potential to turn into victims.

Mark Cuban, a cryptocurrency billionaire and major promoter of the industry, fell for a common scam of the latter, losing nearly $1 million in the process.

In some of his communications with online news outlets, the billionaire recounted how he fell victim to a phishing attack, one of the simplest - albeit effective - methods still used in the field.