Datp
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LOST 6.9 MILLION DOLLARS BECAUSE OF BUYING A "CHEAP" COLD WALLET ON TIKTOK CHINA! 🔥
Just hearing it makes my wallet feel sorry for me. Saving a few hundred, losing my whole career - an expensive lesson for crypto people!
A crypto enthusiast in China just had 6.9 million USD drained in just a few hours after buying a "sealed, genuine, super cheap" cold wallet from Douyin Shop - the Chinese version of TikTok's trading platform. 👀
📉 What happened?
According to SlowMist - a giant in blockchain security - the private key was pre-installed and leaked right from the moment the wallet was produced. As soon as I loaded the coin, it was drained in a flash, without even breaking a sweat.
All of this is a trap that is "set up" extremely professionally:
- Fake cold wallets are packaged beautifully like the real thing
- Sold through official channels (Douyin Shop)
- Prices are "a few hundred dollars better" than the market => trapped.
- Money is "cleaned" through Huiwang - a notorious money laundering ecosystem in Cambodia (Huione Pay, Huione Crypto, Haowang black market... full dark web combo).
"The phone call in the middle of the night from my friend made me shiver" - @Hella, who used to work under Jihan Wu (Bitmain), shared.
📌 Why do many crypto players still fall into the cold wallet trap?
1. The "insider" mentality of saving: When playing crypto, people often think they know everything, so when they see a "good price" cold wallet, plus the "sealed" label, many people think they are getting a good deal, but they are being played the other way.
2. Lack of basic security knowledge: Although there have been hundreds of similar cases, many people still think that buying offline = safe, not anticipating that the hardware can be "pre-hacked" right from the production stage.
🚨 Final advice for you:
👉 NEVER buy a cold wallet from a floating source, even if it is a few hundred dollars cheaper.
👉 ONLY BUY directly from the manufacturer (Ledger, Trezor...) or an official authorized dealer.
👉 Always check the firmware and INITIALIZE PRIVATE KEY on the device, absolutely do not use a "pre-printed" key or a sticker on the outside!
$BTC $DOGE
A crypto enthusiast in China just had 6.9 million USD drained in just a few hours after buying a "sealed, genuine, super cheap" cold wallet from Douyin Shop - the Chinese version of TikTok's trading platform. 👀
📉 What happened?
According to SlowMist - a giant in blockchain security - the private key was pre-installed and leaked right from the moment the wallet was produced. As soon as I loaded the coin, it was drained in a flash, without even breaking a sweat.
All of this is a trap that is "set up" extremely professionally:
- Fake cold wallets are packaged beautifully like the real thing
- Sold through official channels (Douyin Shop)
- Prices are "a few hundred dollars better" than the market => trapped.
- Money is "cleaned" through Huiwang - a notorious money laundering ecosystem in Cambodia (Huione Pay, Huione Crypto, Haowang black market... full dark web combo).
"The phone call in the middle of the night from my friend made me shiver" - @Hella, who used to work under Jihan Wu (Bitmain), shared.
📌 Why do many crypto players still fall into the cold wallet trap?
1. The "insider" mentality of saving: When playing crypto, people often think they know everything, so when they see a "good price" cold wallet, plus the "sealed" label, many people think they are getting a good deal, but they are being played the other way.
2. Lack of basic security knowledge: Although there have been hundreds of similar cases, many people still think that buying offline = safe, not anticipating that the hardware can be "pre-hacked" right from the production stage.
🚨 Final advice for you:
👉 NEVER buy a cold wallet from a floating source, even if it is a few hundred dollars cheaper.
👉 ONLY BUY directly from the manufacturer (Ledger, Trezor...) or an official authorized dealer.
👉 Always check the firmware and INITIALIZE PRIVATE KEY on the device, absolutely do not use a "pre-printed" key or a sticker on the outside!
$BTC $DOGE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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