🔐 Security Alert: What the Douyin Case Teaches Us 🦄

Although cold wallets are considered one of the safest ways to store cryptocurrencies, their effectiveness completely depends on their origin. In times of increasing scams, even institutions and exchanges prefer them to protect their funds.

⚠️ However, not all devices are trustworthy.

▶️ According to recent reports, a user lost 50 million RMB after buying a wallet through Douyin, which already had the private key compromised from the start.

🧩 Due to the decentralized nature of cryptocurrencies, recovering stolen funds is nearly impossible, especially if they go to cold or custodial wallets.

☄️ Key conclusion: always acquire your cold wallets from verified sources. Security begins with responsible purchasing.

aSource: Crypto Scene Telegram