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

Summary by Cryptonews.com
Crypto investor loses $6.9 million after buying fake cold wallet on Chinese TikTok as hardware scams evolve beyond traditional phishing.

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Blockchain security company SlowMist has reported a user who lost $6.5 million in cryptocurrency after purchasing a cold wallet at a discount that turned out to be hacked.

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Cointelegraph broke the news in on Monday, June 16, 2025.
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