"The Illusion of Absolute Security": The Night 8.7 Million USDT Disappeared
He prides himself as an old hand in the crypto world, keeping all his assets in a cold wallet, and never letting his handwritten mnemonic phrase touch the internet—until that night when his phone vibrated, waking him from a sweet dream:
Four on-chain transfers drained 8.7 million USDT, and the funds were rapidly disappearing through a cross-chain mixer.
Fatal Vulnerabilities Analyzed
⚠️ "iCloud Photo Album" Becomes the Breach Point
Handwritten mnemonic phrases photographed and uploaded to the cloud were scanned remotely by a spy app.
⚠️ "Standard Private Key Signature" Exposes the Truth
Not a contract vulnerability/fake authorization, but pure private key leakage (cloud photos had the mnemonic phrases extracted by OCR).
Bloody Timeline
▫️ 02:47 First Transfer of 3 Million USDT (Unaware)
▫️ 03:15 Three Consecutive Transfers of 5.7 Million USDT (Triggered Risk Control)
▫️ 03:21 Mixer Diverted Funds to 8 Different Chains
▫️ 05:33 We Intercepted the Last Unexported Stolen Funds
Survivor's Confession
> "The hacker didn’t deceive me; I fed the beast with my luck"
> —— The so-called 'convenient viewing' lazy operation was actually a self-built shortcut to death.
🛑 Cold Wallet Security Rules
1️⃣ Mnemonic phrases must never touch electronic devices (including photographing/scanning/cloud storage)
2️⃣ Handwritten notes stored in a bank safe (avoid home safes)
3️⃣ Import to an isolated backup device only before transactions (wipe immediately after use)
> This case has initiated judicial proceedings, and asset freezing and recovery are ongoing
> Follow me for the "On-Chain Asset Defense Whitepaper"
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