Part 5/8:
Seed Phrase Exposure: If the seed phrase was inadvertently shared or physically accessed, it could be susceptible to compromise, despite being stored securely.
Unlocked Devices: An unlikely situation to some, but Ledger suggests that leaving the device unlocked and unattended poses a risk.
The Reality of User Error
Reflecting on personal experiences in the crypto consulting space, the idea that most losses stem from phishing attacks is prevalent. Users are often blind to how a single click can lead to unauthorized access, resulting in drained wallets. This lack of awareness about sophisticated scams, designed to mimic legitimate transactions, increases the risks associated with crypto storage.