I was reading some notes and tweets about ‘compromised’ seeds, someone didn’t role the dice enough, others questioning the ‘random’ generator, etc. and gets me thinking. If your address has been good for years, you should be OK right? Never really a need to move coins to another address?
Discussion
if NEVER spend from that address all good!!!
unless physical / mental seed / key is compromised
2 conditions
If it’s really bad, (like one dice roll) you can expect your funds would have been swept within a week maximum. However, there can be less ideal situations which may still warrant a switch.
I used to be a Ledger Live user, and even though I had addresses which hadn’t moved in years, I still switched seeds and swapped addresses when I moved to a new security device. I could not verify how Ledger generated entropy, so I decided the risk was big enough that it was worth being extra paranoid and taking action.
In most cases though, if you’ve had a cold storage address which you haven’t interacted with in months, you’re probably fine.
My guess is there is group of hackers that have the related address for entropy 1,2,3,4,5 and 6, just waiting for people to add funds..
I was thinking of this as well. I was thinking cant we change our words/wallet. Say i move my stack to a fresh wallet not hardware just hot right erase my hardware wallet and make a whole new seed phrase and now you have a fresh seed. Airgap it to a watch only and send your stack to it. Will this work?
Ask satoshi
Hope that new Quantum Behemoth still is not capable enough…