{"id":24713,"date":"2025-06-16T12:33:39","date_gmt":"2025-06-16T09:33:39","guid":{"rendered":"https:\/\/forklog.com\/en\/user-loses-6-5-million-due-to-wallet-purchased-via-chinese-tiktok\/"},"modified":"2025-06-16T12:33:39","modified_gmt":"2025-06-16T09:33:39","slug":"user-loses-6-5-million-due-to-wallet-purchased-via-chinese-tiktok","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/user-loses-6-5-million-due-to-wallet-purchased-via-chinese-tiktok\/","title":{"rendered":"User Loses $6.5 Million Due to Wallet Purchased via Chinese TikTok"},"content":{"rendered":"<p>A user lost $6.5 million after purchasing a hardware wallet through the Chinese app Douyin. The device was found to be compromised, according to experts from SlowMist.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? Last night, We received an emergency report: a user lost $6.5M worth of crypto from a cold wallet.<\/p>\n<p>The wallet was bought via Douyin (TikTok China), but the private key was compromised at creation \u2014 and funds were drained within hours.<\/p>\n<p>\u26a0\ufe0f Cold wallet \u2260 Safe<\/p>\n<p>Avoid \u201cFactory\u2026 <a href=\"https:\/\/t.co\/YDV4EgxD3a\">https:\/\/t.co\/YDV4EgxD3a<\/a><\/p>\n<p>\u2014 SlowMist (@SlowMist_Team) <a href=\"https:\/\/twitter.com\/SlowMist_Team\/status\/1933799086106538101?ref_src=twsrc%5Etfw\">June 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to their data, the private key was compromised during the wallet&#8217;s creation. The perpetrators withdrew the funds within hours after the user transferred assets to it.<\/p>\n<p>A user on X, known as Hella and a former Bitmain employee, revealed that the victim was a close friend.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zh\" dir=\"ltr\">\u8fd1 5000\u4e07\u4e00\u591c\u84b8\u53d1\uff01\u53ea\u56e0\u5728\u6296\u97f3\u4e70\u4e86\u4e2a\u201c\u51b7\u94b1\u5305\u201d\uff1f\u8840\u7684\u6559\u8bad\uff01? <\/p>\n<p>\u4e00\u4e2a\u6df1\u591c\u7535\u8bdd\uff0c\u8ba9\u6211\u6bdb\u9aa8\u609a\u7136\uff01?\u5173\u7cfb\u5f88\u94c1\u7684\u670b\u53cb\uff0c\u521a\u7ecf\u5386\u4e86\u4eba\u751f\u81f3\u6697\u65f6\u523b\u2014\u2014 \u4ed6\u6301\u6709\u7684\u4ef7\u503c\u8fd1 5000\u4e07\u4eba\u6c11\u5e01\u7684\u52a0\u5bc6\u8d27\u5e01\uff0c\u88ab\u76d7\u4e00\u7a7a\uff01\u2026<\/p>\n<p>\u2014 Hella | \u6d77\u62c9\uff5c\u795e\u5947\u5973\u4fa0? (@hella1413) <a href=\"https:\/\/twitter.com\/hella1413\/status\/1933753001195585779?ref_src=twsrc%5Etfw\">June 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>She described the wallet as a &#8220;carefully crafted hot trap.&#8221; The stolen assets were laundered through <a href=\"https:\/\/forklog.com\/en\/news\/darknet-marketplace-huione-expands-operations-despite-closure-announcement\">Huiwang<\/a>, a Cambodian conglomerate that operates a network of illegal businesses, including the payment platform Huione Pay and the crypto exchange Huione Crypto.<\/p>\n<p>SlowMist experts warned that wallets sold as &#8220;factory sealed&#8221; or at significant discounts are often already compromised. The low price is a tactic to lure victims.<\/p>\n<p>Douyin, the Chinese version of TikTok, features an integrated marketplace where third-party sellers can offer their products.<\/p>\n<p>SlowMist&#8217;s Chief Information Security Officer, known as 23pds, <a href=\"https:\/\/x.com\/im23pds\/status\/1933785788007002299\">cautioned<\/a> against &#8220;putting your entire fortune into a wallet that&#8217;s a couple of hundred dollars cheaper.&#8221; He stated that this is &#8220;not saving money, but throwing your life away.&#8221;<\/p>\n<p>SlowMist specialists managed to trace the stolen funds. However, according to Hella, &#8220;there is almost no hope of recovering them.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;When buying a hardware wallet, one must choose a reliable channel. Most of those online are fakes,&#8221; concluded Hella.<\/p>\n<\/blockquote>\n<p>In April, Kaspersky Lab <a href=\"https:\/\/forklog.com\/en\/news\/counterfeit-smartphones-with-cryptocurrency-stealing-malware-emerge-in-unofficial-stores\">warned<\/a> about counterfeit models of popular Android smartphones appearing in unofficial online stores.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A user lost $6.5 million after purchasing a hardware wallet through the Chinese app Douyin. The device was found to be compromised, according to experts from SlowMist. ? Last night, We received an emergency report: a user lost $6.5M worth of crypto from a cold wallet. The wallet was bought via Douyin (TikTok China), but [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,961],"class_list":["post-24713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-hardware-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24713"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24712"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}