Again, How secure is your Seed phrase?

[NotATether]

LOL, you are not recovering that from the cat. 

That honestly raises the question: where the hell did he store it in the first place that was so easily accessible?

I can't help but feel this is a rookie mistake. That investor must be pounding sand right now.

[Nothingtodo]

Well, is it really believable that you would put $12 million worth of BNB in a place where a cat would eat it and ruin it? If this were real, then of course the person who broke the security system should have stored it in a specific, secure location as a backup. The person whose security system was compromised was a complete idiot for leaving a wallet with so much dollar value in a place that had no security.

[Mr Reporter]

Well, is it really believable that you would put $12 million worth of BNB in a place where a cat would eat it and ruin it? If this were real, then of course the person who broke the security system should have stored it in a specific, secure location as a backup. The person whose security system was compromised was a complete idiot for leaving a wallet with so much dollar value in a place that had no security.

well to me I think the scenario seems to highly and unlikely and it rises several red flags, how can a person leave a larger amount of cryptocurrency, such as $12 million worth of BNB in an insecure location where it could be easily accessible or destroyed to I feel it is indeed reckless and careless behaviour.
 
I feel leaving larger amount of cryptocurrency insecure location or using insecure practices may indicate a lack of understanding of carelessness, it's advisable to mostly secure storage like hardware wallet and cold storage to protect larger amount of cryptocurrency and have an backup system storage, and also implement backup procedures such as storing private keys in a secure location to prevent loss of funds.

[Orpichukwu]

Well, is it really believable that you would put $12 million worth of BNB in a place where a cat would eat it and ruin it? If this were real, then of course the person who broke the security system should have stored it in a specific, secure location as a backup. The person whose security system was compromised was a complete idiot for leaving a wallet with so much dollar value in a place that had no security.

Some people are just so careless with wallet security they don't take their security very seriously, or they could be doing some sort of rearranging in the house which could expose some valuables without them noticing it. At this point, all one could do is guess what led to such incidents and how come the person was that careless since they don't give more information about the whole event.

[SuperBitMan]

I don't know how true this story is however there's every possibility that it can happen if is true is very sad I wonder how the man will be looking at that cat right now there's every possibility that he will hate that cat for ever however someone should not be keeping just one phrase seed in one place I think you should keep one online and offline line but if you are scared of online scam or hack then you can use offline storage but you will not just store it in one place you can store it in 3 to 4 different places so if one gets damage it won't affect you.

[Abu-Naim]

It was reported that a man lost about $12m worth of BNB because a cat eats a paper containing his seed phrases.

full story here

I don't know how genuine the story is but let assume it actually happens, what will be your reaction if you happen to be the one?

I still believe many people here have their seed phrase written on a paper which is not entirely wrong but how safe and secure is the paper? We've raised concerns about paper decay, burning etc but least we expect this scenario of animals eating the paper.

This story doesn’t look real, and even if it is real, then this person in question is somehow careless; how can you leave your seed phrase in a place where your cat can easily see?
I think seed phrases are important security words that should only be accessed by the wallet owner, as such, saving it should be in a place where only you will have access to it, it should be in a saving box where only you and maybe a close family relative could have access to not in an open place where your pet can see.

Paper saving method is what most people use because it is cheaper and if well secured it is good; but there are other methods where you can use metal to customize the words but they are expensive.

[Pi-network314159]

I don't know how genuine the story is but let assume it actually happens, what will be your reaction if you happen to be the one?

Definitely no one will be happy in this kind of situation, emagine having $12m Worth of BNB and it's paper backups is being eating by a rat, it's not really funny. Thoughni don't know if the story is true or not but even if it's somehow true then it's a very sad story. If it was me I will as well thing deeply about it, and may even have emotional trauma. Of course it can happen to anyone that's why we really need to be careful.
 

I still believe many people here have their seed phrase written on a paper which is not entirely wrong but how safe and secure is the paper? We've raised concerns about paper decay, burning etc but least we expect this scenario of animals eating the paper.

One of the way to keep our see phrase safe is by paper backups, but in most cases it's not safe. We need to keep our seed phrase where it will be free from fire outbreak, flood and free from insect or rodents attack. Or morover it should be crested on a metallic plate that will be fireproof, waterproof and dust proof. To withstand any condition.

[RockBell]

Some people are just so careless with wallet security they don't take their security very seriously, or they could be doing some sort of rearranging in the house which could expose some valuables without them noticing it. At this point, all one could do is guess what led to such incidents and how come the person was that careless since they don't give more information about the whole event.

People don't know the reality of keeping there seed phrase safe and this is why they don't care it is only when they eventually lose there asset that they will start knowing the value. And they make there self venerable and that is how they will lose there money.

And I think before you buy and store people should be be given lecture before they even start investing because a lot of people are actually very careless when it comes to the manager of their funds. And  sure something will happen and they will not even know because they lack the basics and this is why it is very important to know all the safety measures that people use in saving there seed phrase and if anyone is not convinced with what they see then they should look for another means that they feel it will be suitable for them because people believe in there own idea better. The most important thing is for them to be serious with how they keep there stuff.

[Nothingtodo]

Well, is it really believable that you would put $12 million worth of BNB in a place where a cat would eat it and ruin it? If this were real, then of course the person who broke the security system should have stored it in a specific, secure location as a backup. The person whose security system was compromised was a complete idiot for leaving a wallet with so much dollar value in a place that had no security.

Some people are just so careless with wallet security they don't take their security very seriously, or they could be doing some sort of rearranging in the house which could expose some valuables without them noticing it. At this point, all one could do is guess what led to such incidents and how come the person was that careless since they don't give more information about the whole event.

Yes, this happens to those who keep valuables scattered around. When their valuables are lost, they realize the importance of these valuables. The OP's incident may have been someone who felt the security of a million dollar BNB wallet was unimportant. He wasted $12 million on a cat, yet he didn't realize the importance of this security system until it was destroyed. Maybe he regrets it now, but if he had understood its importance before it was wasted, he wouldn't have to regret it so much now.

[Zanab247]

Well, is it really believable that you would put $12 million worth of BNB in a place where a cat would eat it and ruin it? If this were real, then of course the person who broke the security system should have stored it in a specific, secure location as a backup. The person whose security system was compromised was a complete idiot for leaving a wallet with so much dollar value in a place that had no security.

It may be true story that cat eat the seeds phrase, but the seeds phrase is not secure because assume the seeds phrase was inside the box or inside his inner room, it will be hard for cat to have access to the paper he wrote the seeds phrase. I guess this is a lesson to those newbies who don't have the knowledge of giving their seeds phrase a solid protection by writing them down and separate them in different places.

He never knew that his cats can do such a thing to his seeds phrase, which was the reason he leave the seeds phrase unsecure in his house.

[SquirrelJulietGarden]

He wasted $12 million on a cat, yet he didn't realize the importance of this security system until it was destroyed. Maybe he regrets it now, but if he had understood its importance before it was wasted, he wouldn't have to regret it so much now.

The person was careless and ignored many security recommendations for safe wallet backups, and the cat is only a random factor for his nightmare. If it's not the cat, it can be something else but the ending result is the same, the wallet backup can be stolen, lost, destroyed and in the end the user lose that wallet and fund inside.

Bitcoin and cryptocurrencies must be stored safely and very secure but there are many steps for achieving it. From choosing a good wallet software to use for your wallet creation, wallet backup methods, and how to test your wallet backups as well as store backups safely for future recovery.

If you start a first step bad, later steps can not help, but to be safe you must do all necesssary steps very carefully and rightly as recommended.

[Ojima-ojo]

LOL, you are not recovering that from the cat. 

That honestly raises the question: where the hell did he store it in the first place that was so easily accessible?

I can't help but feel this is a rookie mistake. That investor must be pounding sand right now.

Very funny story I wanted to read more details on the story but the link shared in the ops is not working, if this is true, it shows a high level of carelessness from that ops because having stored your seed phrase where a domestic animal will just get access to destroy it is the height of negligence and this is a bad outcome for the victim since the information is gone forever.


On another note, I think the seed phrase will be saved in another source, at least maybe on his phone draft somewhere he kept it before duplicating it on the paper.

[Jaycoinz]

LOL, you are not recovering that from the cat. 

That honestly raises the question: where the hell did he store it in the first place that was so easily accessible?

I can't help but feel this is a rookie mistake. That investor must be pounding sand right now.

He fucked up big time although am also a little bit curious and at the same time confused to where and how he might have possibly save his seed phrase that the cat would have gotten access to it.

Right now the possible best I can come up with is maybe he wrote it now on paper and save it on something that actually looks tantalizing for the cat and who's the cat not to fall to the temptation. 😆

[Hyphen(-)]

First of all it's wrong to write down your seed phrase in one paper. However if you put your seed phrase in a paper you don't have to write it down in one paper because you have to keep it in different places in your house or anywhere which you think is safe to keep them. In these case nothing can be done here because even if the owner of the cat who's BNB is gone kills the cat he can never recover the seed phrase. So he has to be careful next time and know that seed phrase is not something one would joke with. Actually this is a lesson to investors that do not keep their seed phrase in a safe place.

Apart from writing the seed phrase down in a paper, where are we supposed to write them down to save?

I don’t think writing the seed phrases down in a paper is a wrong idea, it is safer than leaving them in your phone as image or taking them to your mail or anywhere online to save your seed phrase, saving in a physical place where you can easily access it is better, but duplicating the paper could have help in this situation because it will not be saved in one place, therefore, the cat in this case cannot eat the two at the same time; furthermore, I think if the one paper is even properly kept, the cat cant get access to the paper if saved in a box or safe diary that is always locked in a safe place.

Anytime I come across such thread that talk about how to secure our seed phrase, I do always make reference to this thread Securing your seed phrase with washers by fillippone; the thread is well educative and I learned he recently update the images in the post for easy access; using the methods outlined there will be better, but it is expensive, but I think for someone to have such amount, they need to go any length to secure their wallets and this method in the above post will be helpful.

[Negotiation]

I don't know how true your story is but it's a shame the cat ate it. You shouldn't have taken such a big risk to your security especially when it comes to digital assets and important information it's not wise to store everything in one place. To reduce the risk you should store the data or seed in multiple places for security and ease of recovery if you spread the data or seed across multiple places if data gets corrupted in one place it can be recovered from another. Keeping it in multiple places wouldn't have affected you as badly.

[Onyeeze]

For me the only way that you can secure your seat phrase is for you to write it out and the stuff for a place where nobody can find it so it is only way someone can secure it's seed phrase, so we need to know and we need to understand the basic things that has to do with security of your personal seed phrase knowing that, it's important to have a private document of your seed phrase so that people will not have access to your seed phrase.

[GeorgeJohn]

LOL, you are not recovering that from the cat. 

That honestly raises the question: where the hell did he store it in the first place that was so easily accessible?

I can't help but feel this is a rookie mistake. That investor must be pounding sand right now.

Very funny story I wanted to read more details on the story but the link shared in the ops is not working, if this is true, it shows a high level of carelessness from that ops because having stored your seed phrase where a domestic animal will just get access to destroy it is the height of negligence and this is a bad outcome for the victim since the information is gone forever.


On another note, I think the seed phrase will be saved in another source, at least maybe on his phone draft somewhere he kept it before duplicating it on the paper.

It's not a laughable something, theirs every tendency that what op said is hundred percent accurate, because I could remember vividly when people in this platform or community was encouraging people not to save their seed phrase on email, laptop and phone, and they were encouraging people to only save their seed phrase offline through document

So that people will not know exactly were the seed phrase is been saved, so that people will not have accessibility, so from my perspective I think that we need to know that we need to keep our private key were it will not be steal, and it will not be burned from any fire outbreak.

[rachael9385]

For me the only way that you can secure your seat phrase is for you to write it out and the stuff for a place where nobody can find it so it is only way someone can secure it's seed phrase, so we need to know and we need to understand the basic things that has to do with security of your personal seed phrase knowing that, it's important to have a private document of your seed phrase so that people will not have access to your seed phrase.

Firstly edit the bold text to the correct word.
To my option, I think the only safest way to secure our seed phrase is using this method. writing it out is better but it depends on how and where you keep it. In a floody environment it's better to use a safe crypto steel because it doesn't get spoilt in water but will probably shift to another area which you might not be able to find. Actually heat (fire) might be impenetrable but it depends on the temperature.