Why can’t we change the secret recovery phrase and why we don’t ask for a password on every withdrawal and investment, we can’t reset or reset MetaMask to its previous settings.
Creating settings to clean my current wallet from scavenging bots and simultaneously changing the seed phrase would be of great help.
This thief could have disabled bots and cleaned them. Actually, these are too many shortcomings and shortcomings. Your entity is in a wallet and you are bound to a single seed phrase. That’s really bad
All of your accounts are mathematically derived from your Secret Recovery Phrase. You can think of the SRP like a keyring, and it holds as many private keys as you could want: and each one of those keys controls an account.
Keep in mind, if your account is compromised, someone could change your Secret Recovery Phrase if that was a feature.
You want to start a new wallet if your wallet is compromised. What’s key is education to fight back against scammers.
Check out more here on what is a Secret Recovery Phrase:
To give a sense of what that would look like.
Fork Ethereum, build new code that allows an SRP to be changed. (this would be an insane amount of work.)
End result: Sweeper bots don’t even need to sweep your account, they can just change your SRP, and save themselves some gas. We’d be spending a ton of time and energy to create an easier path for scammers to harm users. (Sweeping attacks would just turn into Ransomware attacks, and users locked out of their wallet. While the scammer has full access)
The problem is that blockchains use your SRP to verify that txns are valid, if someone has stolen it, the txns appear valid. MetaMask isn’t an account. It’s a way to interact with accounts on a public blockchain. You don’t need MetaMask to interact with a MM generated address. SRPs can be imported into any EVM compatible wallet software.
