Knife-wielding robbers are the ultimate cold-wallet specialists

A knife-wielding robber broke into the home of British crypto KOL realist and made off with $40K from his wallet. The $720K in his Ledger was drained, and his Rolex and phone were taken too. Total losses: around $800K. His hardware wallet kept hackers out for years, but couldn’t stop a kitchen knife.

No matter how cold your on-chain cold wallet is, you’re still only human. With a knife at your throat, a seed phrase beats a private key. That $800K was tuition for learning about physical attacks. Hackers can spend three years working on-chain, but it takes a robber with a knife just three minutes at your door.

Alright, folks: if someone had a knife to your throat, would you hand over your seed phrase or your Rolex? Reply 1 for the seed phrase, 2 for the Rolex, or 3 to recite pi and play dumb on the spot.

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