Pretaining to latest wallet hacks, I’m playing here & there for my own understanding. Latest is I tried to import a wallet using random 12 word seed-phrase on a mobile wallet. To my surprise it took me to a particular wallet with 0 assets.
I know 12th word contains 7 bits of entropy + 4 checksum bits.
I didn’t create the wallet, I just imported it.
My question are:
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What’re the chances someone in future creates a wallet and gets a 12 words seed-phrase that I just imported. Is this a valid security risk?
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How was I even able to import a wallet if that set of 12 words were not used to create a wallet ever in the first place?
I’m missing something(s)?
submitted by /u/TheBitcoin21
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