Why do several people need to sign together to transfer the team's funds?
First, what you need: To recover a Bitcoin multisig wallet, you need not only enough seed phrases, but also the extended public keys of all signers or the wallet descriptor.
The reasoning behind it: Multisig can't stop signers from all making the same mistake. If everyone signs without checking the transaction details, even setting a high threshold won't help.
The coin in this example: $BTC Current price: 76080.19 (24h -0.091%).
Treat any “customer service” representative who contacts you out of the blue as suspicious. Official support will never ask for your seed phrase.
#BTC
First, what you need: To recover a Bitcoin multisig wallet, you need not only enough seed phrases, but also the extended public keys of all signers or the wallet descriptor.
The reasoning behind it: Multisig can't stop signers from all making the same mistake. If everyone signs without checking the transaction details, even setting a high threshold won't help.
The coin in this example: $BTC Current price: 76080.19 (24h -0.091%).
Treat any “customer service” representative who contacts you out of the blue as suspicious. Official support will never ask for your seed phrase.
#BTC
