Post
Topic
Board Development & Technical Discussion
Re: What happen if one of the people in my multiSig setup became a problem later?
by
Orange89
on 16/05/2025, 19:18:28 UTC

I think I can be phrased that even better i mean like  full consensus multisig
if exactly we have "3-of-3" or "5-of-5 " where everyone is agrees
Like if I already set these 3 of 3 there after if anyone refuses then do I have a chance to remove and recover that's I want to knew weather legally or in any way

You cannot recover such wallet again if the total multi sig equals the number of co-signers because you need all actual co-signers from the set up to actually send out coins from that wallet. That’s why it is very bad to have such set up as a multi sig co-signers, and m-of-n multi sig wallet is the best so that if one co-signer gives problem or loses their wallets seed phrase you wouldn’t lose such wallets, best method is as I have stated before, do not go and use any script to adds co-signers just simply create a new multi sig wallet and move your funds their.

n-of-n is a poor multi sig wallet for group of people looking to store funds together.
That's really bad I thought somehow or other it can't recovered nevertheless
Learn something new today for now and even for future
Will always try to follow these m-n of storing of all of my funds