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Slow Fog Cosine: The longer the mnemonic phrase/private key is used on the network, and the more people share it, the easier it is to leak and difficult to trace.
BlockBeats news, on May 31, Slow Mist founder Yu Xian stated that a user's four sets of mnemonic phrases were leaked, and the funds in the corresponding four Wallet Addresses were stolen. From the on-chain operation methods, after the Hacker Address received the funds, they were all converted to ETH and then laundered through FixedFloat. The longer the mnemonic phrase/Private Key is exposed to the internet and the more people it is distributed to for shared use, the more likely it is to be leaked, and the harder it is to investigate the cause of the leak.