Post
Topic
Board Project Development
Re: Mixin Safe: A Convenient and Decentralized Multisig + MPC + Timelock solution
by
Igebotz
on 29/09/2023, 13:21:07 UTC
Why wouldn't it be affected by the hack since it is custodial
Sorry, I forgot the word "non"-custodial. I've edited my post.

Quote
there is no private key or seed phrase to any "safe vault" that you create.
That's the shitty part indeed, and it's what makes it really hard to believe it's non-custodial. The user doesn't have much more than a phone number and 6 digit PIN to recover their funds, and they didn't say how you can recover it.

This is how;

"You will be asked periodically to help you remember it."

Until now my little Bitcoin left in my Mixin messager is still reflectiing  with no option to withdraw. I'm 100% sure what I have there is just virtual numbers.

Ps: coins left after the review.