What happens if someone gets my Ledger seed phrase?

If someone were to obtain your Ledger seed phrase, it would be a serious concern for the security of your cryptocurrency holdings. The seed phrase is essentially the master key to your digital wallet, allowing anyone who possesses it to access and potentially transfer your funds. In the event that your seed phrase is compromised, it's crucial to take immediate action to protect your assets. This may involve transferring your funds to a new wallet with a new seed phrase, disabling any active transactions or withdrawals, and notifying relevant exchanges or service providers of the potential security breach. It's important to remember that the security of your cryptocurrency holdings ultimately depends on your own vigilance and precautions. Keeping your seed phrase SAFE and secure is essential to protecting your investments.