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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