SlowMist Cosine: The longer the seed phrase/private keys are used online and the more people share them, the easier it is to leak and the harder it is to troubleshoot.
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Odaily Odaily News: Yu Xian Yu X, the founder of SlowMist, said that four sets of seed phrase of a certain user were leaked, and the funds in the four corresponding wallet addresses were stolen. From the perspective of the on-chain operation method, after the hacker address received the funds, it was all converted into ETH, and then washed away through FixedFloat. The longer the seed phrase/private keys are used online and the more people they are distributed to, the more likely they are to be leaked, and the more difficult it is to investigate the cause of the leak.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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