What Happens to Vesting Contracts and Token Payouts in Legion if Your Wallet is Compromised?
When dealing with wallet security in Legion, understanding how vesting contracts function and their implications for compromised wallets is essential. This guide provides clarity on key scenarios and steps to manage your wallet effectively.
Vesting Contracts: Immutability and Control
Vesting contracts are irrevocable agreements tied to the original wallet address that participated in a sale or investment. Once a vesting contract is deployed, control is entirely bound to that wallet, and its terms cannot be changed or redirected to another wallet, even if the original wallet is compromised. This means:
Tokens associated with the vesting schedule remain under the control of the original wallet.
A wallet change request in Legion does not affect tokens already assigned to a vesting contract attached to the compromised wallet.
This applies to all projects with a TGE BEFORE July 8th 2025.
Projects that have a TGE after July 8th 2025 support wallet changes if the original wallet was compromised. In these events, please contact Legion support through the official Legion website and explain your situation.
Handling Wallet Changes in Legion
If your wallet is compromised, you can request a wallet change in your Legion account. However, it is important to note:
Updating your wallet does not automatically affect existing vesting contracts.
Tokens that are not bound by a vesting contract can still be accessed using the updated wallet.
To continue accessing your Legion account with a new wallet, ensure you have completed the wallet change process as outlined by the platform’s guidelines.
Manual Claiming of Tokens
Users need to manually claim their tokens from their Legion account:
Log in to your Legion account using your new wallet.
Follow the token claim process specified in your account interface.
Keep in mind that any tokens still bound to the vesting contract of the compromised wallet cannot be redirected or recovered unless you regain access to the compromised wallet.
Preventative Measures for Wallet Security
To mitigate risks and safeguard your vesting tokens:
Use a trusted, secure wallet with robust security measures.
Regularly update your keys and passwords.
Enable multi-factor authentication wherever possible.
In case of suspected wallet compromise, act promptly to secure your Legion account and initiate a wallet change.
Conclusion
Vesting contracts in Legion are immutable and linked to the wallet that initiated them, making proactive wallet security crucial. Understanding these limitations ensures you can take the necessary measures to protect your tokens and maintain access to your Legion account.