What is Tiktok hardware cheat?

A person who bought something that looked like a “sealed, new” hardware portfolio advertised in the Chinese version of Tiktok was a victim of a $ 6.9 million cryptographic attack, losing all his funds in a few minutes.

Overdue night call to anxiety for Blockchain Slowmist revealed One of the most destructive cryptocurrency theft in 2025. Criminals now apply safety devices that are to protect users from online threats. This is a sophisticated novel threat in the field of cryptographic fraud and to be sincere, for many users it is a worry when manipulating the hardware portfolio causes criminal apply of many billion dollars.

Slowmist Chief Information Security Officer 23PDS was the first to report the case. Unlike known fraud using phishing emails, unimposed messages or fakes of websites, this attack strikes the safety of the victim at the equipment level.

The biggest problem for cryptographic users is that there are minimal warning signs for this type of compromise until it is too tardy.

How are hardware wallets threatened?

The victim bought something that seemed to be a legal Ledger hardware portfolio from Douyin Shop, the e-commerce platform in the Chinese version of Tiktok in social media.

In the case of security, you should never buy a used, unpaid hardware portfolio in case it is threatened. But in this case the buyer was cheated by the packaging. It seemed that it was a factory fierce, genuine product with original holographic stickers and a professional finish. For inconspicuous users, there was nothing else or the book disturbing in this portfolio.

In this case, when the victim set up a novel portfolio, it functioned completely normally, generating ordinary random 24-lone recovery expression. Unfortunately, investigators finally determined that this was the moment when the wallet was violated before selling.

In fact, the attackers have already established a secret sentence in advance or violated the process of generating numbers. This gave them complete access to the wallet and its private keys. So, when the funds were moved to the portfolio, the attackers were able to drain it immediately.

Unfortunately, the victim deposited about 50 million Chinese yuan ($ 6.9 million) to the portfolio address, thinking that everything was safe and sound in the radiator. However, within a few hours the criminals emptied the wallet.

Do you know? The global market for hardware wallets was valued at over $ 460 million in 2024 and it is expected that it will raise to over $ 3 billion by 2033. This makes the hardware wallets, which users trust strongly, is the main purpose of cryptographic theft.

Slowmist’s Team Crypto Investigation Trail

As reported by the Slowmist X, the victim made an emergency report regarding theft on June 13, 2025.

The Slowmist is a protective company of Blockchain, which offers a number of services, including security audits and threat information, and works intensively in cryptocurrency crimes research. His work often extends to vast organizations and government bodies.

On this occasion, it was able to trace the stolen funds, revealing that they were immediately managed by Huiwang, a obscure being in Cambodia. This operation used the financial network called Hionione Group, which supports the “Washing Node of Cybercriminals”, According to to the network of financial crimes enforcement or fince.

Huiwang Crypto Laondering is a popular financial movement for criminals, as many layers of darkening, combined with the lack of counteracting money laundering (AML) or Know Your Customer (KYC), which makes recovery virtually impossible. So, while the Slowmist can track stolen funds, there is no hope of recovering after a chilly portfolio key leakage.

Do you know? Tiktok and similar social media platforms are habitats for cryptographic fraud. The fraud includes false investment possibilities, viral video fraud, unimposed messages and violations of the sales of the hardware portfolio – all designed to throw off nothing non -useful users from their cryptan.

Problem with theft of a sealed portfolio

A chilly portfolio fraud shows how quickly you can lose all the cryptographic cache in a few seconds. Slowmist safety director, 23PDS, explained On X, cryptography users should not gambling their “whole fortune on the” portfolio “, which is several hundred cheaper bucks.” Then he said: “It does not spare money, it throws your line of life.”

Such incidents are part of a wide raise in fraud related to cryptocurrencies, which harass 2025. The first half of the year has seen Over $ 2.1 billion cryptographic losses in attacks at the infrastructure level.

Manipulation of the hardware portfolio is another sophisticated susceptibility that they must be aware of. Regardless of how “legal” the portfolio product may appear, this case emphasizes the importance of buying completely novel devices directly from suppliers. It is extremely vital to avoid other sources, especially rebate or market platforms.

Safety experts have also identified many ways in which criminals can expose hardware wallets even more:

• Software modification: The attackers replace legal software with malicious versions that leaks private keys.
• Manual replacement: Criminals contain false configuration instructions directing users to pre -generated addresses.
• Supply chain infiltration: Wallets are intercepted and modified during shipping or retail distribution.
• False production: Fill out false devices that imitate legal hardware wallets.

Do you know? Even one of the world’s largest cryptographic companies, Coinbase, is susceptible to cyber attacks, and the company recently admits that criminals have gained access to data that was used to save people to transfer cryptography. Criminals demanded $ 20 million to silence, but refused to pay and promised to return each person who was cheated.

How to protect against the fraud of the cryptographic portfolio of equipment

Because the cryptocurrency industry worth over $ 3 trillion has become an attractive goal for criminals, especially hardware wallets, in which users trust these devices to store significant funds for a long time.

This means that users must take precautions to safely buy a cryptographic wallet and protect against theft of a private key:

• Packaging inconsistencies: A reasonable packaging of the hardware portfolio uses ultrasonic welding in combination with manipulation resistant seals. Devices kept together with glue, missing external safety packaging or pre -opened are the main red flags.
• Economical prices: Wallets sold at less than the official retail price, especially on social platforms or through unofficial channels, are probably counterfeit or exposed.
• Pre -completed information: All wallets that are equipped with set pins, recovery phrases or configuration instructions should be immediately destroyed.
• Unofficial markets and retailers: Purchase from anywhere than the manufacturer’s official website significantly increases the risk.