Crypto Scam Costs User $7 Million via Fake Cold Wallet on Douyin
A crypto investor lost nearly $7 million after buying a discounted cold wallet on Douyin, China’s TikTok equivalent. The wallet was rigged by scammers. The wallet’s private key was compromised from the start, enabling thieves to empty the user’s funds in just hours.
The blockchain security firm, SlowMist, has stated the incident on its X post and warned that “factory sealed” or…
