Tag: Seed Phrase

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Trezor releases new hardware wallet and metal private key backup

Trezor is celebrating its 10th anniversary by releasing three new self-custody products, with a focus on providing entry-level devices. Trezor, a major provider of hardware cryptocurrency wallets, is celebrating its 10th anniversary by releasing three self-custody products, including a new Trezor wallet, a proprietary private key backup solution and a Bitcoin (BTC)-only wallet. The Czech…
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Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted

The hacker’s wallet, with over $100,000 worth of USDT, was blacklisted and frozen, while the victim had been drained of almost $170,000 worth of NFTs and other assets. With the help of police and cyber authorities, a victim of a hack worth 90 Ether (ETH) has gotten the attacker’s Tether (USDT) address blacklisted. As a…
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Report: Zimbabwean Crypto Trader Uses Recovery Phrase to Steal Digital Assets Worth $457K From Client

A Zimbabwean crypto trader has appeared in court to face theft and money laundering charges after prosecutors accused him of stealing digital assets worth more than $457,000 from his client. The crypto trader is accused of siphoning the digital assets using seed phrases and passwords he obtained when he helped set up the client’s crypto…
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Ledger CEO says crypto key recovery service makes self-custody easier

Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives. Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and…
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Ledger co-founder clarifies ‘there is no backdoor’ in ‘Recover’ firmware update

Ledger Recover is an over-the-air firmware update allowing users to back up their seed phrases by third-party entities if they opt-in to the new service. The launch of Ledger Recover — a  new service allowing users of the Ledger hardware wallet to back up their secret recovery phrases — was met with immense resistance from…
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‘Haunts me to this day’ — Crypto project hacked for $4M in a hotel lobby

The co-founder of Webaverse said they somehow got their crypto hacked from their Trust Wallet during a meeting with two people claiming to be investors. The co-founder of Web3 metaverse game engine “Webaverse” has revealed they were victims of a $4 million crypto hack after meeting with scammers posing as investors in a hotel lobby…
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How to keep your crypto safe in 2023: a few tips from an analyst

Lead on-chain analyst at Glassnode, James Check, explains why taking self-custody of your private keys has become more important than ever and how to do it in a few simple steps. There is no excuse for not putting a few hours of research into how to properly custody your crypto, according to lead on-chain analyst…
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Web3 Must Overcome Significant UX Challenges to Reach Mass Adoption

User experience (UX) design affects nearly every waking moment of our lives. It’s not just digital either. Have you ever thought about the UX of doors? Perhaps a brief refresher of what UX is, will help. A useful definition of UX is as follows: ”A person’s perception and responses that result from the use or…
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What is a seed phrase and why is it important?

It’s crucial to remember your seed phrase, which is a string of random words produced by your cryptocurrency wallet when you initially set it up. How to keep your seed phrase safe A crypto seed phrase in the wrong hands can do damage, so it is advisable to always ensure it is safe. The following…
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