A crypto investor lost approximately $6.9 million after purchasing a discounted cold wallet through Douyin, the Chinese version of TikTok. The wallet was compromised prior to the sale, with the private key already accessed by malicious actors, according to blockchain security firms including SlowMist. This incident highlights growing concerns over crypto-phishing apps on platforms like Google Play Store that steal users' funds. Additionally, a joint investigation has accused Russian intelligence agencies FSB and GRU of using Bitcoin to fund teenage spies and sabotage operations across Europe, involving crypto wallets valued at around $600 million. These developments underscore increasing risks in the cryptocurrency ecosystem related to both cybercrime and geopolitical espionage.