Hello,
I’ve a multisig arrange with Casa. Within the occasion somebody discovered my seed phrase, might they withdraw my funds?
Is the reply that they’ll’t as a result of I’ve a multisig arrange?
Hello,
I’ve a multisig arrange with Casa. Within the occasion somebody discovered my seed phrase, might they withdraw my funds?
Is the reply that they’ll’t as a result of I’ve a multisig arrange?
Yeah, the idea of multisig is that you need more than just one of the secrets.
If the multisig script is a 1 of n, where only 1 private key is needed to spend the funds, you’d obviously be at risk of losing your money if someone finds your seed. Although an extra security feature of multisig is that the script needs to be known to spend those funds in addition to the required number of private keys.
I am sure Casa explains that to you before you setup a multisig with them…