It's already 2025, the 95% unknown secret of people in the crypto world, reading this can save you tens of thousands in wealth!
Recently, a fan asked me what is a multi-signature?
A multi-signature wallet is a wallet that requires multiple signatures to execute a transaction. During a transfer, at least two people must sign to send the transaction for it to be successfully received.
Once you authorize your private key to others for multi-signature participation, it means the wallet is jointly managed by two people. At this point, your transfer (which does not affect the recipient) requires confirmation from both parties.
Imagine, your room originally had only one key, you copied it for a family member and changed the lock. Now, both keys must be inserted at the same time to open the door, this is the essence of multi-signature.
Important reminder: Never expose your mnemonic phrase under surveillance! Always handwrite it in a secure environment to avoid saving screenshots.
Assets in a multi-signature wallet often won't be moved immediately; scammers may wait weeks or even months for the victim to let their guard down or think the time is right before taking action.
I have encountered over a dozen victims who lost tens of thousands to millions of assets due to multi-signature wallets. Some assets have not been moved, but due to reasons like the scammers being caught, the victims can only sigh in regret. The crypto world is full of traps, and scams come in many forms, so be sure to stay vigilant!
I wish all the investors can get on shore soon, may everything go smoothly, may they all make big money, and may they earn the ideal numbers in their hearts!
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