Again, How secure is your Seed phrase?

[knowngunman]

A friend shared this story with me and I think it's worthy of discussion here to further open our eyes to safeguard our private/seed phrase like our life depend on it. Our life actually depends on it because the purpose of investment is to make things easier for us in the future when we don't longer have strength to do hard work.

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.

To invest is hard but it seems securing the investment is much more harder. Do we have zoologist in the house? Is there any chance of recovering the seed phrases either by killing the animal or any other way?

[Hatchy]

What happened to having several backup's of your seed phrase? I would say that the victim failed in a way to protect his seed properly or the story isn't just clear. Anything is possible we all know, but these are little things that we can do on our own to avoid any future problems.

His cat can't be blamed for this as he should have kept it in a more hidden or secured location and also have different back ups to his keys. Aside paper, we can aswell store own keys on metal backups that would be difficult for physical damage to occurs.

[Despairo]

Why after I click the site, it show error 404?

I don't have cat, but I found cat could eat paper, this is funny lol https://www.thesprucepets.com/reasons-your-cat-eats-paper-5204208

If someone write their seed phrase on paper, they must protect the paper using something, just like kids movies who send message through the sea, they put the message inside bottle.

[Charles-Tim]

A cat is able to eat seed phrase that he can be used to access $12 million worth of BNB. The person is careless is what I think.

Carelessness. Why a single backup? Two or three backups are recommended. If he has more than one backup, this would not have happened.

The news has been taken down on the site.aybe it is a lie.

Is there any chance of recovering the seed phrases either by killing the animal or any other way?

Killing the animal can not bring back the seed phrase. It is just gone.

[MusaMohamed]

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

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?

It is stupid mistake but the story can be genuine. It can be fake with careful people but with careless people, they can do many stupid things like this.

This is a similar story from another careless people. It's her mom, but it can be a dog or cat and if he is unlucky, a dog or cat can eat his paper piece already.
How do you safely keep your recovery phrase written on paper?

And as they are careless, it's very possible that they have only 1 wallet backup.
How to backup a seed phrase.

[Alpha Marine]

What happened to having several backup's of your seed phrase? I would say that the victim failed in a way to protect his seed properly or the story isn't just clear.

This is exactly what I was thinking when reading through the post.
I don't have anything remotely close to $12 million in bitcoin but I have more than one copy of my seed phase. It was reckless of him.
Even if the story is false, this should be a reason for others to have more than one copy of their seed phases and make sure they keep them all in safe and private places.

[apogio]

Is there any chance of recovering the seed phrases either by killing the animal or any other way?

I am not sure killing the animal will help them recover the wallet.
To be honest, if they think about killing the animal to retrieve the seed phrase, I can only wish that they die before the kill the poor animal.

The story is definitely a lie. No chance of it being real.

[Mpamaegbu]

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?

For sure we can't ascertain the veracity of such a story. We get to find numerous of them whenever there's noise in the market with price  mooning. Bull brings noise while bear makes everywhere quiet. The first thing that ran through my mind was – How would someone have such a huge amount of investment and would write their seedphrase on just one piece of paper without duplicating it. As for my reaction, that won't be me. I won't be that careless.

We've raised concerns about paper decay, burning etc but least we expect this scenario of animals eating the paper.

Papers won't decay easily if we keep them away from damp areas. Again, for those who keep pets in the house; they should feed them regularly so they don't starve. Starving animals have a way of rummaging for food. Anything they can cut through becomes food for them.

[lovesmayfamilis]

I haven't read the story in the link, but if we assume it's true, we can laugh out loud and suggest that the guy feed his animals so they don't take revenge on him. But seriously, there are many ways to store seed phrases. Laminating paper, since plain paper seems unreliable to the OP, would also be one example of preservation. And yes, of course, everything we need to save should not be at risk of being eaten and should be in places where not only people but also animals cannot access.

[Mia Chloe]

A friend shared this story with me and I think it's worthy of discussion here to further open our eyes to safeguard our private/seed phrase like our life depend on it. Our life actually depends on it because the purpose of investment is to make things easier for us in the future when we don't longer have strength to do hard work.

To start with who the heck actually stores their seed phrase in a shoe especially when they have a dog or cat as pet. For some reason I don't really know why, dogs and cats particularly just can't help raiding shoe racks and that's enough point to know that it isn't the safest place for your seed.

Most stories on of seed loss I usually come across these days for some reason just seem to be as a result of carelessness. We need to be more careful on how we store things like this.

[hugeblack]

We've moved on from the story of the wallet seed lost in a boating accident. Some of these stories may be for tax evasion and to attract views, but it's a mistake to leave a single copy of the paper. The biggest problem is in cases of environmental disasters, because if you don't distribute the papers, they will likely fall within the scope of a natural disaster such as fires, earthquakes, and floods.

[dzungmobile]

We've moved on from the story of the wallet seed lost in a boating accident. Some of these stories may be for tax evasion and to attract views, but it's a mistake to leave a single copy of the paper. The biggest problem is in cases of environmental disasters, because if you don't distribute the papers, they will likely fall within the scope of a natural disaster such as fires, earthquakes, and floods.

Having multiple backups and doing backups with different methods too. There are better backup methods than writing it down on a piece of paper.

Securing Your Seed Phrase with Washers.
Stainless steel Bitcoin Recovery Seed Plate.
Metal Bitcoin seed storage reviews.

[apogio]

Having multiple backups and doing backups with different methods too. There are better backup methods than writing it down on a piece of paper.

Securing Your Seed Phrase with Washers.
Stainless steel Bitcoin Recovery Seed Plate.
Metal Bitcoin seed storage reviews.

I 've seen many people suggesting metal backups and I get why, but... there is an argument in favour of multiple (2 is enough most of the time) paper backups and is the following:

If someone's home gets to burn down, which is obviously a very sad thing to happen, it may be better for the backup to be destroyed, than having a doubt it was ever destroyed. I mean, they 'd always have the chance to recover the wallet from the other backup and send the coins to a new fresh wallet. If the backup is made of titanium or stainless steel, it may not be destructed, which gives the attacker some extra time to steal your coins.
Again, very unlikely scenario, but I am sure that paranoia is our best friend, isn't it?  

EDIT: If a fire takes place, there is a great amount of people who will enter the house in an effort to extinguish it. The remains will most likely end up somewhere near the house and the backup could be there.

[348Judah]

A friend shared this story with me and I think it's worthy of discussion here to further open our eyes to safeguard our private/seed phrase like our life depend on it. Our life actually depends on it because the purpose of investment is to make things easier for us in the future when we don't longer have strength to do hard work.

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.

To invest is hard but it seems securing the investment is much more harder. Do we have zoologist in the house? Is there any chance of recovering the seed phrases either by killing the animal or any other way?

Those that store such seeds on a paper ensures that they do the following things and here includes also his own mistake on this.

1. Storing a seed phrase on paper is not the wrong idea but avoiding or not knowing that such should be on a laminated sheet is the user's fault for not been aware.

2. If a cat can have access to where a seed phrase is been stored, then any other person too could eventually get an access to his seeds, which means the user is very poor in handling seed phrase management.

If you're also found in such situation of poor handling or management of your seed phrase, here are some alternatives to use for safe practice.


storing seed phrase with washers
https://bitcointalk.org/index.php?topic=5389446.0

seeds backup tools
https://bitcointalk.org/index.php?topic=5263482.0

additional security to your seed phrase
https://bitcointalk.org/index.php?topic=5230920.0

[Zaguru12]

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.

To invest is hard but it seems securing the investment is much more harder. Do we have zoologist in the house? Is there any chance of recovering the seed phrases either by killing the animal or any other way?

When experienced investors gives out advice to newbie they are specific about seeking knowledge and one of the key aspect is security of ones wallet. I think most people do not pay much attention to this and most concentrate more on strategies they will use to accumulate more bitcoin. Security is usually thrown over board, in as much as bitcoin has given us the privileges and freedom of been our own bank, it is definitely paramount to consider most securing our wallet which holds our investment properly

For me most of the time the stories we hear of loss of wallet backups are usually due to owners careless and sometimes greediness, how can one simply dump their wallet back in a shoe, having it on paper is a risk on its own not to talk of not backing up a wallet holding such amount, I am force not to believe this story.

Nothing will change even if the animal is killed and that will be gruesome to an innocent animal, there is possibility that the paper wasn’t even swallowed by the cat as cats hardly eat paper like materials

[Hewlet]

so it took just a small cat to eat his seed phrase of $12M worth of an asset? would it look harsh to say that he doesn't deserve to hold such a quantity of an asset? anyone who has such worth of crypto should not wait to be told that he needs to have a backup of back up of backup of his seed phrase to prevent anything from happening to his asset. this is a clear negligence on his side and the question is, who are we to blame? the innocent cat that knows nothing about the worth of the paper it chewed?

this is part of the danger of leaving your seed phrase in just a single safe place. if it is not a cat, it could have been anything. a rat, a fire outbreak, you forgetting the place where you kept the paper, or just any other thing. I have my seed phrase written down in multiple places that are not even in the same location. I dont trust my remembering ability let alone the uncertainty that can happen if I rely on just a single safety location for my seed phrase. if you worked and earned your asset legitimately, you dont need to be schooled on the need to protect it like your baby.

[albon]

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

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?

If that actually happened, it would be more than a disaster.

How could someone with $12 million keep his seed phrase on a piece of paper? Even if all he had was $1,000, such an action would be completely illogical and show a great deal of naivety, not let alone the fact that he keeps pets at home. If I were that person, I would quit crypto entirely and sell my laptop. But I don’t think I could ever make such a foolish mistake because the seed phrase is the private key to our personal bank. If it’s lost, we will never be able to recover our crypto, and no one will be able to help us.

this is a clear negligence on his side and the question is, who are we to blame? the innocent cat that knows nothing about the worth of the paper it chewed?

The cat is not to blame; it is an animal without reasoning and cannot comprehend, like we do, that someone could be so carelless as to leave the seed phrase for such a huge amount of money written on a piece of paper, without a backup and without storing it in a secure place.

[dkbit98]

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

This is crazy if true, but I talked many times how paper backups have many downsides compared to stainless steel.
Even if someone is using paper backup I would recommend creating multiple copies in different locations.

To invest is hard but it seems securing the investment is much more harder.

It's not hard, but most people think nothing bad will happen to them.
Paper and ink ca degrade even without digestion acid...

[Moreno233]

What happened to having several backup's of your seed phrase? I would say that the victim failed in a way to protect his seed properly or the story isn't just clear. Anything is possible we all know, but these are little things that we can do on our own to avoid any future problems.

His cat can't be blamed for this as he should have kept it in a more hidden or secured location and also have different back ups to his keys. Aside paper, we can aswell store own keys on metal backups that would be difficult for physical damage to occurs.

That may also have its problems because the more the copies of the seed phrase, the higher than chances of it getting into an unauthorised hands. However, it is better to have three to four copies saved in different places than have a single copy to be eaten by a cat as described in the story. This is what we call that handwork of "village people" in my country, a term used to described to someone who suffers misfortune.

[MainIbem]

We've moved on from the story of the wallet seed lost in a boating accident. Some of these stories may be for tax evasion and to attract views, but it's a mistake to leave a single copy of the paper. The biggest problem is in cases of environmental disasters, because if you don't distribute the papers, they will likely fall within the scope of a natural disaster such as fires, earthquakes, and floods.

I don't believe in some stories from the media, cause people can fabricate stories to get views and clicks especially during the period when the market is about to go boom, but let's just believe that it's real, I think the victim is careless, who writes a seed phrase on a piece of paper and expose it to their pets, I think he/she is very unserious else the person won't joke with such, just hope the person has a copy stored somewhere else maybe in a drive or so else it would be so sad losing such amount to carelessness, asides that I still don't believe the story, people can be so carefree when it comes to protecting valuables, cases like this is why the seed phrase shouldn't be stored on a piece of paper or jotter, if possible laminate the paper or it in a safe where it would be more safer from pets and rodents.