Wu said that Slow Mist's CISO @im23pds issued a warning on Twitter that a user lost nearly 50 million yuan in cryptocurrency assets after purchasing a suspected tampered "cold wallet" on Douyin. The private key was suspected to have been stolen during the wallet initialization, and the funds were then rapidly transferred to an overseas money laundering platform "Huiwang". @im23pds emphasized that when purchasing a cold wallet, it is essential to go through official and legitimate channels, and not to be tempted by cheap prices to avoid severe asset losses.