🚨 TikTok Cold Wallet Scam Costs Investor $6.9M — A Cautionary Crypto Tale 🚨
💥 Key Highlights:
🎯 Investor loses $6.9 million after buying a “factory-sealed” cold wallet on Douyin (TikTok China).
🔐 Wallet’s private key was pre-compromised, allowing hackers to drain funds instantly.
🕵️♂️ Funds funneled through Huione Group’s illicit transaction network.
⚠️ Experts warn: “Ultra-cheap wallets are hot traps disguised as cold storage.”
❌ No recovery possible — victim’s entire fortune vanished in hours.
🛑 SlowMist urges: Never trust discounted cold wallets from unofficial sources.
👉 Lesson: If it sounds too good to be true in crypto, it probably is.
