Amazing! It is already 2025, yet 95% of people in the crypto world are still in the dark. The following information may help you avoid a loss of ten thousand! #USDT #CPI数据来袭 #美联储何时降息？ #山寨季何时到来 #本周高光时刻

Recently, a fan asked me about the meaning of "multisig."

A multisig wallet, in simple terms, is a wallet that requires multiple signatures to execute an operation. To make a transfer using it, at least two people must sign off before the transaction can be completed.

Once you share the authorization of your private key with another private key participant in the multisig, it means the wallet is managed by two people. At this point, your transfer transaction (incoming funds remain unaffected) requires signatures from both parties to be sent.

For example, in daily life, you have a door lock that originally only you have the key to, but you made a copy for a family member and changed the lock, so both keys need to be inserted at the same time to open the door. This is a simple understanding of multisig.

Always remember, never view your recovery phrase in areas covered by cameras, and make sure to handwrite it in a secure environment instead of saving it as a screenshot.

A wallet set up as multisig often will not have its digital currency transferred immediately; it will wait for a period, such as half a month or several months, until the victim lowers their guard or the scammer thinks the time is ripe.

I have encountered many victims whose multisig wallets were stolen of tens of thousands to millions of digital currencies, with some even not being transferred for one to two years, possibly because the scammer was arrested for other reasons. Although the digital currency is still there, the victims can only sigh in despair, unable to cash out. The crypto world is fraught with risks, and scams come in various forms, so it is essential to stay vigilant.

I wish all crypto friends achieve financial freedom soon, may everything go smoothly, earn big in the bull market, and fulfill your wishes!

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