Crypto User Loses $6.9 Million After Buying Discounted Cold Wallet
Key Points
- A crypto investor lost $6.9 million after buying a compromis...
A crypto investor just learned the most expensive lesson in bargain hunting: that $6.9 million "savings" on a discounted cold wallet turned into a $6.9 million loss. The user purchased what appeared to be a factory-sealed cold wallet through China's Douyin platform, only to discover their private key was compromised from day one.
According to blockchain security firm SlowMist, this wasn't just bad luck – it was a carefully orchestrated trap. The wallet's private key was compromised during creation, meaning the user was essentially handing over their crypto keys to thieves while paying for the...
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