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Author Topic: Recover Seed phrase, Private keys using Brainwallet and more  (Read 99 times)
Israelgogo (OP)
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Today at 01:05:41 PM
 #1

Brainwellets is wallet is served as a memory or engine search for lost keys, that's it  has a way of storing BTC in one's mind by memorizing a seed phrase or private keys, private keys on the hand most websites support private keys.search in any format, decimal, hexadecimal, RAW, WIF and brainwellet. Is best instruments or tools in finding where private keys are located. The balance amount of each private keys is automatically verified. Wallets with a balance are colored green but wallets that have been used in the past but are now empty will turn yellow. Private keys is just numbers within the range of 1 and 2, they generated on the fly using the page number.
But my questions is if someone steals your wallet, and you have private keys or seed phrase, can stop the person from Accessing your funds?
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Today at 01:13:10 PM
 #2

Brain wallet is a wallet that is generated by your own characters like alphabets and numbers, unlike seed phrase wallet or paper wallet that the wallet will be the one that will provide the entropy needed to generate the seed phrase and private keys.

Brain wallets are not secure enough with how people are generating it.

But my questions is if someone steals your wallet, and you have private keys or seed phrase, can stop the person from Accessing your funds?
If someone has your seed phrase or private, he will use it to access your wallet and transfer the coins on the address to his own. That means you have no access to the coin anymore because it has been stolen by the person.

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Today at 01:17:23 PM
Merited by Charles-Tim (1)
 #3

One thing is for sure: if you lose your private keys, they are gone forever, and there is no tool that can help you recover them. The best thing you can do is protect your seed phrase.

A brainwallet cannot help you in searching for your lost seed phrase, and any person or tool that claims to recover private keys is a scam and will lead you to lose more.

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Today at 01:24:03 PM
 #4

A brainwallet cannot help you in searching for your lost seed phrase, and any person or tool that claims to recover private keys is a scam and will lead you to lose more.
That is not even the work of brain wallet. Brain wallet is just like a paper wallet. I mean the wallet that has an address will be generated with a private key with it. But many Brain wallets in the past were compromised. Which means it is the one of the least secure wallets and it is not recommended to be used to generate a wallet. Even as of today, people will prefer to use HD wallet that has seed phrase.

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Today at 01:37:40 PM
 #5

But my questions is if someone steals your wallet, and you have private keys or seed phrase, can stop the person from Accessing your funds?

We will have to define what stealing a wallet means in cryptocurrency first.

But before we go deeper, remember that your Bitcoin is not in the wallet in the actual sense, on the blockchain, and you only need access to the unblocking keys to gain entry to those coins through the wallet. If the person who steals your device does not have access to your keys, they may not be able to steal your Bitcoin.

But more preferably, once you notice something like this and end up a victim of theft, just quickly make use of your seed phrase or private key to withdraw your coins from that particular wallet that has been compromised to a new one, to avoid unnecessary panic; but at last, it is preferred that you avoid any third-party access to your Bitcoin wallet.

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DubemIfedigbo001
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Today at 01:53:11 PM
 #6

If the person who steals your device does not have access to your keys, they may not be able to steal your Bitcoin.
Anyone who steals your device and has access to your wallet in it does not need your keys to spend from it, you would only be lucky the wallet is passworded, then he may not have access to your coins until such passwords are provided, but in a situation the wallet is not passworded, he takes over it as his own

Quote
But more preferably, once you notice something like this and end up a victim of theft, just quickly make use of your seed phrase or private key to withdraw your coins from that particular wallet that has been compromised to a new one, to avoid unnecessary panic; but at last, it is preferred that you avoid any third-party access to your Bitcoin wallet.
He just needs to be faster than the thief in this scenario, most times devices are secured with passwords or pattern locks, maybe it can buy him some time to move his funds before the thief is able to break into his device.

 
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Today at 02:05:44 PM
 #7

If the person who steals your device does not have access to your keys, they may not be able to steal your Bitcoin.
Anyone who steals your device and has access to your wallet in it does not need your keys to spend from it, you would only be lucky the wallet is passworded, then he may not have access to your coins until such passwords are provided, but in a situation the wallet is not passworded, he takes over it as his own

Quote
But more preferably, once you notice something like this and end up a victim of theft, just quickly make use of your seed phrase or private key to withdraw your coins from that particular wallet that has been compromised to a new one, to avoid unnecessary panic; but at last, it is preferred that you avoid any third-party access to your Bitcoin wallet.
He just needs to be faster than the thief in this scenario, most times devices are secured with passwords or pattern locks, maybe it can buy him some time to move his funds before the thief is able to break into his device.

So if someone stole your device and you're able to remember your private keys, you'll outsmart the thief and transfer your funds but what if the thief just takes your device and go directly to your wallet address, maybe at this point you're still lamenting on what to do, what means can you apply to stop any immediate transaction...one time January 12th my phone was clone to another same phone at midnight and immediately the person access my wallet but thank God there was no much funds on my wallet but I couldn't do anything to stop his immediate actions so in that case what do we do?
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Today at 02:21:56 PM
 #8

..

So if someone stole your device and you're able to remember your private keys, you'll outsmart the thief and transfer your funds but what if the thief just takes your device and go directly to your wallet address, maybe at this point you're still lamenting on what to do, what means can you apply to stop any immediate transaction...one time January 12th my phone was clone to another same phone at midnight and immediately the person access my wallet but thank God there was no much funds on my wallet but I couldn't do anything to stop his immediate actions so in that case what do we do?
A third cannot go directly to your wallet address, if he is able to access your wallet, then he has control over every coin(UTXO) in the wallet address and can withdraw your coins.

If the thief has already spent your coin and at the time you recovered your wallet, the transaction have not yet been confirmed yet, you can still act fast and spend the coins to another address by increasing the fee so that miners are motivated to include yours first in the block, that's the only way to stop him from stealing the coins, but if it's confirmed already, then it's lost.

 
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Today at 02:41:00 PM
 #9

A third cannot go directly to your wallet address, if he is able to access your wallet, then he has control over every coin(UTXO) in the wallet address and can withdraw your coins.

Personally I still think that OP still has a lot to learn about wallets because for him to be asking of someone who stole their device and actually going to look for your address is actually declaring that OP has a lot to learn. An attacker only goes for your seed phrase or private key, they have no business with you address because that’s kind of possible even without accessing your wallet.

If the thief has already spent your coin and at the time you recovered your wallet, the transaction have not yet been confirmed yet, you can still act fast and spend the coins to another address by increasing the fee so that miners are motivated to include yours first in the block, that's the only way to stop him from stealing the coins, but if it's confirmed already, then it's lost.

Just to add to your point, I will say that usually attackers like this usually empty the wallet and they do that with a high fee that will be easily prioritized by the miners but let’s assume the block hasn’t confirmed yet and you want to do a RBF and the attacker doesn’t leave any satoshi left on the wallet for possibility of an RBF you can easily just reduce the amount sending out and add the remaining balance as your fee for replacing the transaction. This is the only way to do this because most of the time without extra funds on the wallet most users do not know how to replace a fee.

But don’t rely on any of this, attackers are smart they can still do a CPFP as long as your new transaction is not confirmed yet because there own transaction might still be in one of the nodes mempool because not all nodes are actually Full RBF enabled

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Today at 02:41:18 PM
 #10

One thing is for sure: if you lose your private keys, they are gone forever, and there is no tool that can help you recover them. The best thing you can do is protect your seed phrase.

A brainwallet cannot help you in searching for your lost seed phrase, and any person or tool that claims to recover private keys is a scam and will lead you to lose more.

Honestly, I find the idea of a person giving out one of the most important things like seed phrases apart from life to someone else to generate or store to be very appalling. What are the chances that this software wasn't created to take advantage of people without security consciousness. We were talking about fraudsters the other day and how they tend to be creative. Initiatives like this makes me fear

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Today at 02:48:53 PM
 #11

So if someone stole your device and you're able to remember your private keys, you'll outsmart the thief and transfer your funds but what if the thief just takes your device and go directly to your wallet address, maybe at this point you're still lamenting on what to do, what means can you apply to stop any immediate transaction...one time January 12th my phone was clone to another same phone at midnight and immediately the person access my wallet but thank God there was no much funds on my wallet but I couldn't do anything to stop his immediate actions so in that case what do we do?
First of all if your phone is stolen the thief will not be able to access the wallet very easily because of two reasons. first is your phone is password protected thief need to unlock it, if they fail they need to reset the phone to unlock it. Second is your wallet is protected by a password. Now both depends on you whether you have set a password or not. If your password is weak then the thief may be able to open your wallet through brute force attack.

If thief can open the wallet before you and transfer funds then there is nothing you can do. You should have logged in with seed phrase on another device as soon as the phone was stolen and transferred all the funds to new wallet.

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Today at 03:10:16 PM
 #12


Honestly, I find the idea of a person giving out one of the most important things like seed phrases apart from life to someone else to generate or store to be very appalling. What are the chances that this software wasn't created to take advantage of people without security consciousness. We were talking about fraudsters the other day and how they tend to be creative. Initiatives like this makes me fear
There is no two way to securing your money in any wallet than to know how to keep your seed phrase safe, no matter what you do, don’t trust anyone or don’t rely on any platform or website to help you recover your wallet if you lose your private key or seed phrase.

But my questions is if someone steals your wallet, and you have private keys or seed phrase, can stop the person from Accessing your funds?

Why should you leave your seed phrase on your device in the first place?
It is not safe to save your seed phrase on your device that is accessible to internet.
But if you have the seed phrase, you can easily use another device to send out your Bitcoin to another wallet immediately before the scammer access the wallet.

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Today at 03:31:13 PM
 #13

First of all if your phone is stolen the thief will not be able to access the wallet very easily because of two reasons. first is your phone is password protected thief need to unlock it, if they fail they need to reset the phone to unlock it. Second is your wallet is protected by a password. Now both depends on you whether you have set a password or not. If your password is weak then the thief may be able to open your wallet through brute force attack.
I think most devices are stolen for just a single reason, which is about hard reset the device and sell it at a cheap price. Although, there is nothing impossible, but that is the one that I have heard of before several times. The one that the wallet is targeted on the device, the thief may likely know the owner of the device and know the password needed to access the device or the thief is a hacker that has malware that can be used to steal information from people's devices.

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..PLAY NOW..
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