They could steal the on-chain funds and any funds that settle back to the wallet from future channel closes.
Discussion
ok let say i open a muun wallet.
and somebody steals their key.
what happens to my fund?
That’s a bit different in that Muun has no channels and the recovery method is nonstandard. But they could effectively restore your wallet on a new device and send the funds elsewhere.
muun has no channel?
i thought muun is one giant channel?
You don’t get your own channel is what I mean. They are using submarine swaps behind the scenes. It really struggles in a high-fee environment as we saw a few months ago.
how is muun different from breez. i kinda understand that phoenix is a mini node running in your phone. so what is breez?
Provided they can access the stolen node right?