Recent news from IOTA wallets:

Just two days ago, many users reported having their funds (an estimated $4 million) in their IOTA wallets stolen from an unknown source. The cause? Online seed generators.

Please, explain me, how to understand that there is enough randomness in online private key/seed generator? Is it safe to use MyEtherWallet or Ian Coleman's Mnemonic Code Converter for this purpose?

1 Answer 1


I can't speak for the code converter, but MyEtherWallet can be run entirely offline and is open source, if there were a vulnerability it would almost certainly already have been exposed by now.


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