If a private key is leaked, does that mean the coins are gone too?
The trade-off with multisig is that it’s more complicated to use: every transfer requires gathering enough signatures, and multisig contract transactions on Ethereum also cost more gas than regular transfers.
A multisig wallet requires at least m of its n private keys to sign together before assets can be accessed. This is often written as m-of-n, for example, 2-of-3.
Don’t laugh—I learned this the hard way too.
Before withdrawing, double-check the full address and the network. It’s safer to try a small amount first.
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Stay calm and manage your position carefully.