CZ: The Biggest Challenge of Self-Custody Is Safely Storing Seed Phrases—They Must Be Neither Leaked Nor Lost

Odaily News: Binance co-founder CZ reposted user Rager's experience with a hardware wallet malfunction on the X platform. CZ stated that protecting wallet backup seed phrases is an extremely challenging task. The seed phrase must not be seen by others, or it could be copied or exploited, and it must also be protected from accidental damage caused by fires, floods, or other incidents, while also preventing hackers from gaining access. More importantly, users themselves must not lose the seed phrase.