Binance co-founder Changpeng Zhao, better known as CZ, reposted a post from user Rager about an experience involving a hardware wallet failure and used it to comment on the challenge of securing recovery seed backups. Zhao said the task is difficult because the phrase must not be exposed to other people or remembered by them, must not be destroyed by disasters such as fire or flooding, and must not be obtained by hackers. He added that the most important thing is that the owner must not lose it. The remark was made in response to a discussion around hardware wallet failure and seed phrase storage, based on Zhao’s post on X.
Changpeng Zhao, known as CZ, reposted a post from user Rager about an “experience with hardware wallet failure” and said safeguarding a backup recovery seed phrase is difficult.
He wrote: “You can’t let other people see it and remember it, it can’t be destroyed by fire, floods, or similar events, it can’t be obtained by hackers, and most importantly, you can’t lose it yourself.”
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