Question, 15 and 24 seed phrase is only associated with only one wallet right?

Question from newbie holder ada

15 and 24 seed phrase is only associated with only one wallet right ?

And if i lose it and someone knows my seed phrase then anyone can access my wallet without needing anything else, like wallet address, private key,.. ?

Yes however you can have several subaccounts that are derived differently from the same seedphrase.

Yes. Once your seedphrase has been compromised, the attack has full control over your funds.

1 Like