How a Ledger user lost $6.9 million after trusting a sealed wallet from TikTok.

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What is the TikTok hardware wallet scam?

A person who bought what looked like a “sealed, brand-new” hardware wallet advertised on the Chinese version of TikTok was a victim of a $6.9-million crypto heist, losing all their funds in minutes.

A late-night distress call to blockchain security firm SlowMist revealed one of 2025’s most devastating cryptocurrency thefts. Criminals are now exploiting the very security devices meant to protect users from online threats. It’s a sophisticated new threat…



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How a Ledger user lost $6.9 million after trusting a sealed wallet from TikTok.


What is the TikTok hardware wallet scam?

A person who bought what looked like a “sealed, brand-new” hardware wallet advertised on the Chinese version of TikTok was a victim of a $6.9-million crypto heist, losing all their funds in minutes.

A late-night distress call to blockchain security firm SlowMist revealed one of 2025’s most devastating cryptocurrency thefts. Criminals are now exploiting the very security devices meant to protect users from online threats. It’s a sophisticated new threat…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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