- Vitalik Buterin uses a multi-sig wallet for 90% of his crypto to enhance security.
- He recommended a multi-sig solution to minimize the personal risks of hardware wallets.
- In a multi-sig solution, users hold some keys but are insufficient to recover the funds independently.
Ethereum founder Vitalik Buterin has explained why as much as 90% of his personal crypto funds are secured through a multi-signature hardware wallet solution. Buterin revealed this information while commenting on a trend urging crypto users to migrate to hardware wallet solutions.
Crypto data analyst Kofi sparked the conversion by painting a scenario where crypto users woke up one day and discovered their investments had been stolen. Notably, stories of devastating losses are rampant in the crypto scene, particularly as the bull market gains momentum.
As crypto enthusiasts participate in airdrop activities and other endeavors, they become susceptible to bad actors who create similar but fraudulent activities intended to steal their seed phrase to ultimately drain their wallets.
Renowned crypto investigator ZachXBT recently uncovered that the Lazarus Group orchestrated over 25 crypto…
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