Ill Bloom reports made me remember bx

[_act_]

I hope you can remember bx which some people used to generate seed phrase? Some wallets integrated it for their customers to be able to use it to generate seed phrase. It has weak means of generating the seed phrase which makes some hackers able to compromise many people's bitcoin. So I saw about ill Bloom wallet vulnerability report today about 2026-05-27 drained wallets affecting 431 accounts, moving approximately $3,140,968.

You can read about it yourself: https://illbloom.org/articles/chain-analysis/

Make sure you read about that report. It will not be good that you are very careful with your seed phrase, but you are not careful of the wallets that you are using to generate the seed phrase. Use good wallets like Electrum, Sparrow, Bluewallet for your seed phrase generation. It is also good not to use close source wallets at all, but use reputable open source wallets which other developers are not condemning.

[Emjay24]

From what I gathered from the report, this is especially obtainable on multcoin wallets like Trustwallet, phantom e.t.c. Personally, I always like a bitcoin only wallet and open-source one. Everyday I see more reasons to stick to my Electrum and not try out any other Bitcoin wallet for my major holding because Electrum is lightweight, secured, simple to use and just created for Bitcoin.

[Chinesebaby]

From what I gathered from the report, this is especially obtainable on multcoin wallets like Trustwallet, phantom e.t.c.

Personally, I always like a bitcoin only wallet and open-source one.

I always knew these two wallets are not to be fully trusted with large amount of funds, due to the fact that they are mostly been used and connected to many crypto altcoin projects. And so does it have a high chances of been connected to scams, been hacked through using those memes and altcoins. However I think "Unstoppable" crypto wallet is actually different from this two, as it's both open source and also offers multiple coins too where you own its private, and likewise mycelium Bitcoin wallet is another good wallet to use for both Bitcoin wallet creation and generation. So with this, it's a more reason to people to prioritize only using only one good wallet.

[PostQuantumBTC]

I always knew these two wallets are not to be fully trusted with large amount of funds, due to the fact that they are mostly been used and connected to many crypto altcoin projects. And so does it have a high chances of been connected to scams, been hacked through using those memes and altcoins. However I think "Unstoppable" crypto wallet is actually different from this two, as it's both open source and also offers multiple coins too where you own its private, and likewise mycelium Bitcoin wallet is another good wallet to use for both Bitcoin wallet creation and generation. So with this, it's a more reason to people to prioritize only using only one food wallet.

I have not heard of Phantom wallet before or probably I heard about it and forgot if it is an altcoins wallet or because it is not open source. The other one that I remember that I have heard about before that are having many coins are Metamask and Bitget wallet which I can not use. My primary wallet is Electrum which I use for the little bitcoin that I have. I may later buy Trezor but that will not be now.

[Franklyn-wood]

From what I gathered from the report, this is especially obtainable on multcoin wallets like Trustwallet, phantom e.t.c.

Personally, I always like a bitcoin only wallet and open-source one.

I always knew these two wallets are not to be fully trusted with large amount of funds, due to the fact that they are mostly been used and connected to many crypto altcoin projects. And so does it have a high chances of been connected to scams, been hacked through using those memes and altcoins. However I think "Unstoppable" crypto wallet is actually different from this two, as it's both open source and also offers multiple coins too where you own its private, and likewise mycelium Bitcoin wallet is another good wallet to use for both Bitcoin wallet creation and generation. So with this, it's a more reason to people to prioritize only using only one food wallet.

The security a wallet offers determine the faith of it users, many are rush into crypto without considering the safety of there coins measured through the wallet used.
I found something a little different from other wallets in Electrum wallet, it has the ability to recover the wallet with combination of cold storage device like ledger and trezor. There are other wallets that are good and secure, just need do some research.
We should not loss guard at anytime while using any of this wallet because on daily scammer are looking for updates and ways to penetrate into wallets to steal what ever is found in it rendering the owners of such wallet handicap.

[Mhizlove]

Honestly this is a good reminder that selecting or choosing a wallet is not suppose to be based only because it's popular or it's has a fine interface.  So before going ahead and using any wallet, it's good to check if the wallet has build a good reputation over time or it has community trust.  Because no matter how careful you're with your seed phrase, using a wallet with security flaws can still put your money at risk. That's why is good to do a little research before putting your trust on any wallet, this act alone can save some from having big losses tomorrow or later in the future.

[Dex_master25]

From what I gathered from the report, this is especially obtainable on multcoin wallets like Trustwallet, phantom e.t.c. Personally, I always like a bitcoin only wallet and open-source one. Everyday I see more reasons to stick to my Electrum and not try out any other Bitcoin wallet for my major holding because Electrum is lightweight, secured, simple to use and just created for Bitcoin.

I have asked a few of my Bitcoin enthusiastic friends about the best wallet to use and Electrum keeps making a top of the list, it could be to the reasons you have also highlighted and it is point blank a perfect assertion that one's seed phrases is only as secured as the source used to generate it.
No one should use a wallet they don't trust, mostly one that people haven't really heard of like this bloom report has about bx.
This just seconds the opinion that for an investors set up to be strong, they must use a self custody wallet with a strong mathematical link.

[Pmalek]

We don't know yet which wallets are affected. We don't know the brands. Some of them had weak number generators which resulted in the creation of seeds that could be easily brute forced. What the researchers said was that no hardware wallets are affected. The same is true for popular software wallets. The affected software seems to be less popular mobile wallets. They believe the oldest wallets were generated back in 2018. Fortunately, the figures and losses aren't very high as of now but that can change anytime.