Security Breach Leads to $6.5 Million Cryptocurrency Theft

According to PANews, a significant security breach has resulted in the theft of approximately $6.5 million in cryptocurrency. The incident was highlighted by 23pds, the Chief Information Security Officer at SlowMist Technology, who reported on the X platform that a user fell victim to a scam involving a tampered 'cold wallet' purchased through Douyin. The private key was compromised at the moment of generation, and the funds were subsequently transferred via the 'Huiwang' platform. 23pds emphasized the importance of purchasing cold wallets through official and legitimate channels, warning that online offers of 'brand new, unopened' or 'special discount' cold wallets are often fraudulent, with a 99% likelihood of being tampered with. In response, Yuxian noted that the incident involved a scam related to hardware wallets, specifically targeting Ledger hardware wallets. Such scams have consistently ensnared certain large investors, leading to substantial financial losses.