Quote from: Smartvirus on June 16, 2025, 09:08:47 PM

Quote from: _act_ on June 16, 2025, 01:25:38 PM

What I know about it is that the wallet is very cheap, the private keys are known to the people that sold it at some point. The victim likely see it cheap and bought it and transferred $6.9 million worth of coins there. I do not know the coins the that were lost.

https://www.bitdegree.org/crypto/news/tampered-wallet-from-douyin-drains-users-6-9-million-crypto

I clearly don’t get it… why would someone be so clueless to buy a hardware wallet cheaply, only to transfer coins of over $6m into it for safe keep or whatever reason. Worst of all, you are buying from a source where the private key has already been exposed to them. It doesn’t make sense at all!
Having that amount should mean, you know what your security of it should be and you don’t get to go cheap on it, you don’t leave any room for vulnerability and just have to utilize best means to save them Bitcoins.

While go cheap with security on such an expensive portfolio!

I won't say clueless if i were because we're not there when it all started, and i also learn that people are quick to judge when things happen because they are not in the shoes of the victim.

You may not notice that, the most common new scamming method used in the cryptocurrency space now is trust, and that's why we see KOL, with the inclusion of influencer people scamming their community after they build a trust relationship with them.
I believe the exact thing is what we see happening to the crypto enthusiasts that bought the wallet in the subject, and I have a reason to believe they didnt know the wallet private keys is know by the wallet creator because no one in his or right sense will make the decision that will lead to loosing millions in crypto just like that.