Big Trap Targeting Cryptocurrency Investors on TikTok! Be Careful of These

The Security Director of the crypto security firm SlowMist announced a major cryptocurrency theft case that came to light with an emergency call made late at night, (CISO) 23pds.

According to the information obtained, approximately 50 million yuan ( worth of crypto assets, equivalent to about 6.9 million USD), was stolen overnight through a cold wallet purchased by an investor via TikTok.

It has been reported that the private key of the wallet in question was intercepted during its creation phase. After the theft, the digital assets were washed through a platform named Huiwang, erasing all traces in a short time.

23pds, in a statement made after the incident, warned investors about fake hardware wallets. He mentioned that 99% of the devices sold online under the names "new, unopened" or "special promotion" could be fake and may have been tampered with beforehand. The security expert emphasized that investors should only obtain cold wallets through official and reliable channels.

A large number of advertisements on social media include wallets that are put up for sale for a little less than the value of the assets in them, and almost all of these advertisements are targeted by scammers to unsuspecting investors.

*It is not investment advice.

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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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