23PDS (CISO) of Crypto Security company Slowarmist has revealed a major cryptocurrency theft case that came to the fore in an emergency call in the middle of the night.
Information obtained shows that around 50 million yuan (approximately USD 6.9 million) of crypto assets were stolen overnight through a cold wallet purchased by Tiktok investors.
It was reported that the private key of the wallet in question was seized while still being created. After theft, the digital assets were quickly washed away from a platform called Huiwang, leaving all traces missing.
After the incident, 23pds warned investors about fake hardware wallets. He said 99% of devices sold online under the name “new, unopened” or “special campaign” are fake and may have been tampered with beforehand. Security experts emphasized that investors should only obtain cold wallets through official and reliable channels.
Many lists on social media feature wallets that are sold for a slightly less value than the value of internal assets, and almost all of these lists are targeted by unsuspecting investor scammers.
*This is not investment advice.
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