jetbrzzz Posted August 23, 2020 Share Posted August 23, 2020 I was going through the ledger looking at how Ripple.com sets up their accounts. Many of their accounts have 4 of 8 signatures required and master key disabled. Hypothetically, if the first four signers were all compromised, the original owners could still use the last four signers (5-8) to change signers 1-4. In this rare event, what's to stop thieves with signers 1-4 from removing/altering signers 5-8, essentially locking out the original owners completely? I speculate that they have signers 5-8 locked up in safes somewhere as a backup last resort and a 50% quorum so that they could 'save' the account in the event of 1-3 of the 'active' signers being compromised. As I understand it, once the master key is disabled and multi-sign is the only way to transact, there is no way to re-instate the master key ever. I've been looking through xrpl.org but there's zero mention of recovering a master key once it's disabled. Is this accurate? Link to comment Share on other sites More sharing options...
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