Post
Topic
Board Electrum
Topic OP
Risk Of Losing Bitcoins Through Seed Creation
by
ps1234
on 07/11/2021, 16:51:19 UTC
I know it's very unlikely, but there is nothing to stop a hacker from generating wallets using the 12 word Electrum seeds, to steal bitcoins.

With luck, they might generate a valid wallet, which had been previously created, and which contains bitcoins

Similarly, a non malicious user might accidentally generate a duplicate wallet.

Should users be encouraged to add some random words to reduce these (admittedly minuscule) risk?