u/mehran_73

I’m sure many of you heard about the recent Ethereum wallet drain involving old wallets that apparently had no recent interaction.

Honestly, it surprised me.

I’ve seen people get hacked before through phishing, bad signatures, fake links, or interacting with the wrong contract.

But this kind of thing feels different.

So I started looking around to see what could possibly explain it, and I found this older article:

https://www.bitdefender.com/en-us/blog/hotforsecurity/mysterious-crypto-wallet-heist-drains-up-to-5-000-ethereum-from-og-wallets

The article is old, but what scared me was one of the possible explanations mentioned: some researchers considered the possibility that there may have been an issue with how certain seed phrases were generated, making them easier to guess or attack.

I’m not saying that’s confirmed.

But even thinking about that possibility immediately made me look at passkeys differently.

Before anything, I should say this: I actually like seed phrases.

I like the feeling of ownership they give. They feel like something crypto was built around from day one.

But if seed phrases are becoming a direct target, and if some wallet drains are not just simple phishing or user interaction mistakes, then it makes sense why people are starting to look for different models.

And honestly, I’m starting to understand more why Base App is focusing so much on passkeys.

So what do you think?

Do you think these drains could really be related to weak seed generation or seed phrase compromise?

Or do you think there’s another explanation?

And if you’re still a fan of seed phrases, do events like this make you question them at all?

Security Notice: Avoid Using Bankr Wallet for Now