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Question about the emergency recovery procedure in the Phoenix Wallet's docs \ stacker news
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Question about the emergency recovery procedure in the Phoenix Wallet's docs \ stacker news
Phoenix Wallet's documentation says that if ACINQ disappears completely, users can either wait for Phoenix to move the funds to the "Final wallet" after a force close, or manually recover their funds by importing the BIP39 seed into a standard BIP84 wallet such as Electrum. My question is about the second option. As I understand it, importing the BIP39 seed into a regular on-chain wallet only restores the Bitcoin private keys derived from the BI…
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