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I am creating an erc-20 token which funds will be managed by some board members using MultiSig wallet/contract. Let's say I have 5 members and 3 out of 5 votes is enough to manage funds. What happpens if 3 of the private keys or members are lost. What is the best way/precaution to recover from this.

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What happpens if 3 of the private keys or members are lost.

You are screwed.

What is the best way/precaution to recover from this.

  • Have more members
  • Make sure all members have paper backups of their keys
  • Have better members that do not lose their keys
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