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User Loses 4.35 BTC Due to Purchasing Counterfeit Hardware Wallet on E-commerce Platform

Summary: In a recent case revealed by SlowMist founder Yu Xi, a user purchased a so-called imToken secure cold hardware wallet on JD.com, only to find out that it was initialized by scammers with a preset cold wallet. This means that the scammers had access to the mnemonic phrase, which the user directly used as their ...

In a recent case revealed by SlowMist founder Yu Xi, a user purchased a so-called imToken secure cold hardware wallet on JD.com, only to find out that it was initialized by scammers with a preset cold wallet. This means that the scammers had access to the mnemonic phrase, which the user directly used as their own wallet, resulting in a loss of 4.35 BTC, equivalent to millions of RMB.

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