They trusted a sealed wallet from TikTok, and it cost them $6.9M

A fake hardware wallet bought via TikTok led to a $6.9-million crypto theft; hackers are now targeting devices meant to keep funds safe.

A person who bought what looked like a “sealed, brand-new” hardware wallet advertised on the Chinese version of TikTok was a victim of a $6.9-million crypto heist, losing all their funds in minutes.

A late-night distress call to blockchain security firm SlowMist revealed one of 2025’s most devastating cryptocurrency thefts. Criminals are now exploiting the very security devices meant to protect users from online threats. It’s a sophisticated new threat in crypto fraud, and honestly, it’s a worry for many users to see hardware wallet tampering result in a multimillion-dollar criminal exploit.

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