Fake Cold Wallet Bought on Chinese TikTok Costs User $6.9M in Crypto

A cryptocurrency investor has lost nearly $7 million after purchasing what appeared to be a legitimate cold wallet through Douyin, the Chinese version of TikTok, in a sophisticated scam that compromised the device’s private key generation process.
The post Fake Cold Wallet Bought on Chinese TikTok Costs User $6.9M in Crypto appeared first on Cryptonews. …