Can you explain how you believe this theft took place? He imported his seed phrase into the Ellipal app on his own device, (not a website) and that would be enough to expose it to a hacker? I feel like Iโ€™m missing some information.

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unknown's avatar
unknown 2 months ago
Hot wallets are vulnerable inherently. As soon as that seed phase touches a device that can access the internet thereโ€™s a greater than zero percent chance you can loose your stack.
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