Having Trouble With Electrum Wallet Recovery

[Z-tight]

I think you have waaaaaay too good opinion about the community. This is why I said: OceanGate, FTX, Theranos, Wirecard and Enron.
The community thought that all of those are good ideas working perfectly, till... well, google it.

You are talking about centralized services, at least i know of ftx in that list. No member of the community who knows what they are doing would recommend that you store your funds in a centralized service. Electrum is different, it is open source and you run the software locally in your device, you can also verify your download and also verify everything locally if you run your own node, comparing Electrum with some failed centralized services makes zero sense.

Again, since I can restore ANY seed, what stops some people from stealing funds?

I find it hard to understand you here, you cannot restore your wallet without the seed phrase, if you have the seed phrase to your wallet, you can always restore it. What stops people from stealing your funds is that it is not possible for them to get your seed phrase or keys, except you expose it, or you use your wallet in an online device and you get hacked and your keys stolen.

And again, I do have the right seed. No idea what could go wrong.

Anyhow, I have the TxID, Address, basically all the info for the transaction. I manage to do some "watching only" wallet and I can see the funds.
Is there a way to restore wallet based on this data, assuming I have the wrong seed?
Way to get the right seed? Anything?

If you have the right seed and you have restored the wallet, but you cannot see your funds but a tx sending the funds out, then your funds has probably been sent out by an attacker, post the tx ID here. Some of what you say is hard to understand, it would be better if you can be much clearer, do you see a tx sending the funds to another address, a tx that was not made by you?

[nc50lc]

Anyhow, I have the TxID, Address, basically all the info for the transaction. I manage to do some "watching only" wallet and I can see the funds.
Is there a way to restore wallet based on this data, assuming I have the wrong seed?
Way to get the right seed? Anything?

Those are already public data stored in every Bitcoin node's blockchain.
If it's possible, then all Bitcoins including those owned by everyone can be "recovered" with that method.

Here's some basic information about how Bitcoin works: learnmeabitcoin.com/beginners/keys_addresses
(you can also go further to "technical" tab to get a deeper understanding on the inner workings of Bitcoin)

Basically,
The data that the wallet needs to own funds is to have the necessary private key(s) to be able to unlock the locking script of those unspent transaction outputs.

As for the seed phrase, the master key that's derived from it (where the private keys are derived from) is computed in a one-way function (HMAC SHA512).
Then from the master private key, the wallet derives the private keys at specific derivation paths (check in each address info in the addresses tab).
By having the wrong seed phrase, the wallet will derive an entirely different master key that'll derive a different set of private keys to addresses.

Then using the info in the link above, you can see that it's not possible to get the private key from the address or public key since it's the very nature why Bitcoin is secure.
And lastly, the transaction's data doesn't contain anything that'll reveal the private key.

If you have the right seed and you have restored the wallet, but you cannot see your funds but a tx sending the funds out, then your funds has probably been sent out by an attacker

He said in first page that the restored wallet is empty.

[rocnogu]

Anyhow, I have the TxID, Address, basically all the info for the transaction. I manage to do some "watching only" wallet and I can see the funds.
Is there a way to restore wallet based on this data, assuming I have the wrong seed?
Way to get the right seed? Anything?

Those are already public data stored in every Bitcoin node's blockchain.
If it's possible, then all Bitcoins including those owned by everyone can be "recovered" with that method.

Here's some basic information about how Bitcoin works: learnmeabitcoin.com/beginners/keys_addresses
(you can also go further to "technical" tab to get a deeper understanding on the inner workings of Bitcoin)

Basically,
The data that the wallet needs to own funds is to have the necessary private key(s) to be able to unlock the locking script of those unspent transaction outputs.

As for the seed phrase, the master key that's derived from it (where the private keys are derived from) is computed in a one-way function (HMAC SHA512).
Then from the master private key, the wallet derives the private keys at specific derivation paths (check in each address info in the addresses tab).
By having the wrong seed phrase, the wallet will derive an entirely different master key that'll derive a different set of private keys to addresses.

Then using the info in the link above, you can see that it's not possible to get the private key from the address or public key since it's the very nature why Bitcoin is secure.
And lastly, the transaction's data doesn't contain anything that'll reveal the private key.

If you have the right seed and you have restored the wallet, but you cannot see your funds but a tx sending the funds out, then your funds has probably been sent out by an attacker

He said in first page that the restored wallet is empty.

Yeah. It did not make sense to me to be possible recovery, but had to ask.

Yes, the wallet from the seed I have is empty.
I still can't figure out what went wrong.

I tried changing the seed words a bit to see if I did a spelling mistake, but then I can't create a wallet.
I am guessing, after all, there is some brute force protection.
So, I track it all with the transfer ID, now I can watch the funds..... so far and yet so close....
Well, lesson learned

And there is no way to reclame this funds back?
What happens to such lost coins?

[rocnogu]

I think you have waaaaaay too good opinion about the community. This is why I said: OceanGate, FTX, Theranos, Wirecard and Enron.
The community thought that all of those are good ideas working perfectly, till... well, google it.

You are talking about centralized services, at least i know of ftx in that list. No member of the community who knows what they are doing would recommend that you store your funds in a centralized service. Electrum is different, it is open source and you run the software locally in your device, you can also verify your download and also verify everything locally if you run your own node, comparing Electrum with some failed centralized services makes zero sense.

Again, since I can restore ANY seed, what stops some people from stealing funds?

I find it hard to understand you here, you cannot restore your wallet without the seed phrase, if you have the seed phrase to your wallet, you can always restore it. What stops people from stealing your funds is that it is not possible for them to get your seed phrase or keys, except you expose it, or you use your wallet in an online device and you get hacked and your keys stolen.

And again, I do have the right seed. No idea what could go wrong.

Anyhow, I have the TxID, Address, basically all the info for the transaction. I manage to do some "watching only" wallet and I can see the funds.
Is there a way to restore wallet based on this data, assuming I have the wrong seed?
Way to get the right seed? Anything?

If you have the right seed and you have restored the wallet, but you cannot see your funds but a tx sending the funds out, then your funds has probably been sent out by an attacker, post the tx ID here. Some of what you say is hard to understand, it would be better if you can be much clearer, do you see a tx sending the funds to another address, a tx that was not made by you?

I don't really know what all of those things means. Found some info in google and follow the guide.
No idea where exactly are the funds. I can see it, but i don't know if it's I single wallet or part of something or.. Whatever options are possible there.

What is a centralized service? Something like Binance? I guess ill use this from now on.

From the wallet I restored, there are no transactions at all. In or out.

I checked the seed 3 times, saved 3 copies...I'm starting to accept the reality of losing my mind. I guess, I'm going crazy here.

[nc50lc]

-snip-

I tried changing the seed words a bit to see if I did a spelling mistake, but then I can't create a wallet.
I am guessing, after all, there is some brute force protection.

It's the computed invalid "seed version number" that's preventing you to create a wallet from an edited electrum seed phrase.
Electrum has an integrity check that the version number has to match any of the available reserved number for each Electrum wallet types (2FA, Standard, SegWit)

Since your unedited seed phrase is valid as "SegWit", you can rule-out the you've made a typo during backup.
(unless you're very unlucky that a mistyped seed phrase produced a valid version number)
The issue is could be for a different wallet file.

And there is no way to reclame this funds back?
What happens to such lost coins?

Your seed or private keys aren't saved to any server so the only way to recover it is through the original wallet file or the correct seed phrase.

Lost coins on the other hand will stay in each node's blockchain unspent until someone with the correct private key spends it.
If you found out that it's spent, the actual issue may not be the seed phrase but a fake Electrum or malware.