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    1. coinfeeds-bot on

      tldr; A crypto user lost $6.9M after purchasing a discounted cold wallet via Douyin, China’s TikTok, which was compromised. Blockchain security firm SlowMist revealed the wallet’s private key was tampered with, leading to the funds being drained within hours. Experts warn against buying discounted or factory-sealed wallets, as they are often scams. The stolen funds were traced but deemed unrecoverable. This incident highlights the risks of purchasing wallets from unreliable sources and the importance of securing crypto assets properly.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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