🔺  CRYPTO SCAM WARNING: $7M Stolen from Fake Cold Wallet! 🔺 

Hey everyone,

I’m sharing this critical warning based on a devastating crypto scam to help you avoid becoming the next victim.

📅  The Incident: June 13, 2025

SlowMist reported that an investor lost 50 million yuan (~$7M USD) in crypto from a “cold wallet” bought via an unofficial Douyin channel. The wallet’s private key was stolen upon generation, and the funds were laundered through Huiwang within hours. The device was a scam, designed to trick the investor into believing their assets were secure.

💔 The Worst Part?

The investor’s funds vanished before they suspected foul play, and they nearly fell for further extortion attempts. This case highlights the dangers of buying crypto hardware from unverified sources.

💡 What You Should Know Before Using Cold Wallets:

1️⃣ Only Buy from Official Channels

• 99% of “brand new” or “discounted” cold wallets on platforms like Douyin are fake or tampered with.

• Always purchase from the manufacturer’s official website or authorized resellers.

2️⃣ Verify Your Wallet’s Integrity

• Inspect for tampering (e.g., broken seals).

3️⃣ Watch for Red Flags

• Legit wallets don’t charge “activation fees” to access funds.

This scam crushed the investor’s trust and savings. Don’t let it happen to you.

✨ Protect Your Crypto with KeyPal Hardware Wallet

Protect your assets with the KeyPal hardware wallet, a trusted cold storage solution that integrates with the TokenPocket ecosystem for secure management of your crypto across blockchains.

✅ Top-Tier Security: Advanced encryption and secure chips keep your private keys safe.

✅ TokenPocket Integration: Seamlessly interact with dApps and DeFi platforms.

✅ Tamper-Proof: Rigorously tested to ensure authenticity.

✅ User-Friendly: Ideal for all experience levels.

⚠️ Always Purchase from the Official KeyPal Website

Learn from this costly mistake. Protect your funds. Stay cautious—trade smarter.

#CryptoScam #CryptoSafetyMatters #StaySecure