SlowMist: A user bought a "cold wallet" on Douyin and had his currency stolen, nearly 50 million yuan of encrypted assets were stolen

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Wu Blockchain
2 days ago
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Slow Fog CISO @im23pds tweeted a warning that a user lost nearly 50 million yuan in cryptocurrency assets after purchasing a potentially tampered "cold wallet" on TikTok. The private key was suspected to have been stolen during the wallet's initialization, and the funds were quickly transferred to an overseas money laundering platform called "Huiwang". @im23pds emphasized the importance of purchasing cold wallets only through official channels and warned against seeking cheaper alternatives to avoid significant asset losses.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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