❗️An investor bought a cold wallet at a discount through Chinese TikTok (Douyin) — and lost almost $7,000,000 in #BTC and #USDT
A 40-year-old husband and a 36-year-old wife saw a video advertising a "hardware wallet that protects against hacks." It later turned out that the device had been compromised even at the creation stage — the private key was leaked in advance, and all funds left the wallet within a few hours. The stolen funds were quickly laundered through the Huiwang platform, associated with shadow crypto businesses in Cambodia.
When you buy a wallet for a couple of hundred cheaper, especially not from an official source, you are not saving — you are risking everything you have.