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Another horror story: 54 NFTs worth over $50,000 and 3.4 ETH were stolen due to a seed phrase hack

Etherum Reddit

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https://twitter.com/ivan_bezdomny/status/1644612828601503749

54 NFTs worth over $50,000 and 3.4 ETH were stolen today due to a compromised seed phrase. The holder used MetaMask, no hardware wallet. Unclear where the seed phrase was stored.

Edit: there have been a lot of comments from the purists that think people store their ledger seeds in the safe of on steel plates. I know this is the right way to it. However, the reality is that most people take photos of their seeds and store them online or type them online and store in cloud drives, unfortunately. A ledger user have just posted that their assets got stolen after taking a photo of the ledger seed and store on their phone https://www.reddit.com/r/ledgerwallet/comments/12gsic1/have_i_been_robbed/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1 .

How can we, as the industry, mitigate the issues related to self-custody, so we have greater and safer adoption of Ethereum?

submitted by /u/srndptme
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