Detailed Guardians Emergency Asset Withdrawal and Distribution Start
Guardians initiate emergency withdrawal; if owner doesn’t cancel in 5 days, guardians decrypt wallet data and transfer all assets on-chain.
Guardian #1 sends a transaction initiating an emergency withdrawal and distribution.
Guardians #2, #3, and #4 send transactions confirming the emergency withdrawal.
4 of 7 Guardians threshold reached; a 5-day timeout begins.
As the contract Owner, you may send a transaction to cancel during this 5-day period.
Alternatively, 2 of 3 Recovery addresses may also send transactions to cancel during this period.
You do not cancel within the 5-day timeout.
After the 5-day timeout expires, neither the Owner nor Recovery addresses can cancel.
After expiration, any Guardian automatically retrieves wallet and ERC20 address data, decrypting it with their private encryption keys.
Any Guardian sends a transaction transferring all assets from wallets to the CryptoLegacy contract.
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