CZ: The biggest challenge in self-custody is securely storing the seed phrase—it must neither be leaked nor lost

Odaily News: Binance co-founder CZ reposted user Rager's experience with a hardware wallet malfunction on X. CZ stated that protecting the wallet backup seed phrase is an extremely challenging task. The seed phrase must not be seen by others, or it could be copied or exploited; it must also be protected from accidents such as fire or flood, and safeguarded against hackers gaining access. More importantly, users themselves must not lose the seed phrase.