Explained
It’s crucial to securely back up and store your seed phrase in multiple safe places, ensuring that you’re the only one who can access it when needed.
Recovery Seed News
A recovery seed or recovery phrase is a combination of 12,18 or 24 words chosen from a predetermined list of 2042 words from the BIP39 standard that defines how recovery seeds are made. With crypto investors seeking more secure ways of storing their cryptocurrencies and other crypto assets, hardware and software wallets are gaining traction, and recovery seeds are used to regain access to the stored crypto assets in the event of the loss or reset of a hardware wallet.
While some software wallets also offer the functionality of entering a BIP39 recovery seed, hardware wallets are more secure, as the recovery seed is stored on a blockchain rather than on a computer connected to the internet. In either case, it is critical to record and secure a recovery seed because forgetting or losing it could lead to forfeiting control of all the stored crypto assets.
- News
First crypto seizure by Victoria Police underscores a new legal framework empowering officers to confiscate digital assets via search warrants.
1525 - News
The flaw consisted of missing interprocess validations, which could have allowed an attacker to hijack the 1Password browser extension or command line interface.
1546 - News
The New York County District Attorney seized roughly $14,000 that Coin Dispute Network operators allegedly stole from users.
1747 - News
The New Hampshire duo uses cracking techniques to access lost wallets.
17623 - Follow up
Stefan Thomas, the former chief technology officer at Ripple, has an IronKey hard drive containing 7,002 BTC with only two attempts at guessing a password remaining.
14841 - Interview
Speaking to Cointelegraph, Entero Positivo argued typical seed phrase storage methods are too obvious, so he devised a way to hide a crypto wallet in plain sight.
5576 - Follow up
Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives.
11154 - News
Ledger Recover is an over-the-air firmware update allowing users to back up their seed phrases by third-party entities if they opt-in to the new service.
19837 - Opinion
Ledger’s latest update, aimed at making private seed phrases on its wallets recoverable, was simply an attempt to innovate and improve user security.
3651 - News
Developers say third-party apps can’t access Ledger users’ keys without the device owner’s consent.
8947 - News
If the words of a 12-word seed phrase are known, it’s deceptively easy to enter the wallet and sweep the funds.
29120 - Video
James Check, the Lead on-chain analyst at Glassnode, explains why self-custodying your private keys has become more important than ever and how to do it in a few simple steps.
3230 - Analysis
The safety of the recovery phrase is way more important than keeping the hardware wallet safe, according to executives at Ledger and Trezor.
25768 - Analysis
Are crypto inheritance solutions a centralizing force? To some, yes, but to others, decentralized solutions are out there.
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