🔑Using low entropy in wallet creation puts funds at risk of being stolen
⚠️Wallets created with dice rolls are particularly vulnerable to scams
📈Scammers are monitoring low entropy wallets for easy theft
💰22.5 Bitcoin has already been stolen due to weak entropy in wallet creation
⏳Wallets created with less than 15 dice rolls are at risk and should be moved immediately
How does low entropy in wallet creation lead to funds being stolen?
—Low entropy makes it easier for scammers to predict or crack the wallet's seed words, giving them access to the funds.
Are all wallets vulnerable to this risk?
—No, wallets that use proper entropy generation methods, such as hardware wallets or software tools with secure random number generators, are not as vulnerable.
What happens if funds are stolen from a low entropy wallet?
—Once funds are stolen, they are difficult to recover, as the transactions are typically irreversible. It is important to take preventive measures and move funds from low entropy wallets.
How can users ensure the security of their wallets?
—It is recommended to use hardware wallets or software tools with secure entropy generation methods. Adding a BIP 39 passphrase can also add an extra layer of security.
Is there any way to recover funds if they are already stolen?
—Recovering stolen funds is difficult, if not impossible. Prevention is key, so it's important to create wallets with sufficient entropy and take other security measures.
00:00A Reddit user's wallet was drained within minutes after using low entropy in its creation.
02:52Multiple dodgy dice wallets were found, with 22.5 Bitcoin already stolen from them.
03:57Wallets created with less than 15 dice rolls are at risk and should be moved immediately.
