That is right and most time people think is wallet or address, what matters is how we secure our seedphrase that counts how secure our investment could be. Securing seedphrase guaranteed our investment to last, although we must know and learn Dust attack that may likely affect your wallet or even updating your wallet to wrong app. I have came across a post then when a manager updated his wallet and all his funds were wipe out entirely so when making an update on our wallets or app we should be that careful to know that we are actually updating it to the right wallet and not scam site because lot of things are going on this cryptocurrency space.
That's true, without seed phrase, your wallet might be a threat, because seed phrase is like a password to your wallet or address.
And securing your seed phrase is important because it is also helping us to protect our wallet or address from any potential scams such as dust attack just as you have said earlier.
That is why, we should always stay informed and also be careful on any app we are using for an exchange.