SafePal User Loses $6.​5M to Tampered Cold Wallet Scam

🔒 TikTok Cold Wallet Gone Wrong

By SafePal App
Jun 30, 2025, 2:54 PM
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Photo by SafePal App

A cryptocurrency investor in China lost $6.​5 million after purchasing a compromised SafePal hardware wallet through TikTok.​ This incident highlights critical security practices for cold wallet purchases:

  • Only buy hardware wallets directly from official manufacturers
  • Verify authenticity through official channels
  • Check tamper-proof seals before use
  • Never trust third-party resellers or social media vendors

This follows recent crypto scams involving fake calendar invites and Zoom links, emphasizing the importance of comprehensive security measures in crypto asset management.​

Key Takeaway: Hardware wallet security starts with purchasing from authorized sources.​

Sources

🚨 A user just lost $6.5M after buying a tampered cold wallet via TikTok in China. This is your reminder: NEVER buy hardware wallets from sketchy sources. How to make sure your SafePal wallet is 100% official, secure, and untampered 👇

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SlowMist
SlowMist
@SlowMist_Team

🚨 Last night, We received an emergency report: a user lost $6.5M worth of crypto from a cold wallet. The wallet was bought via Douyin (TikTok China), but the private key was compromised at creation — and funds were drained within hours. ⚠️ Cold wallet ≠ Safe Avoid “Factory

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