A crypto user has reportedly lost nearly $7 million in crypto after buying a discounted cold wallet through the Chinese version of TikTok, Douyin, which turned out to be compromised.
Blockchain security firm SlowMist data-ct-non-breakable=”null” href=”https://x.com/SlowMist_Team/status/1933799086106538101″ rel=”noopener nofollow” target=”_blank” title=”null”>said in a X post on Saturday that the “private key was compromised at creation” and the user’s funds were “drained within hours” from the data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/multisig-cold-wallets-how-secure-are-they-really” title=”null”>compromised cold wallet.
Nabbing a bargain cold wallet data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/how-to-spot-a-fake-crypto-investment-platform-10-red-flags” title=”null”>might seem like a good way to save money, but SlowMist said cold wallets advertised as “factory sealed” or “discounted” have…
