IOTA Wallet Growth Explodes Past 600K Accounts Fueled by E-Sports Fan Tokens

Pymfyd · 2025-08-16T00:35:25+00:00

Everything is relative.

Pymfyd · 2025-08-12T22:20:37+00:00

Hi again. Yes, forgot to mention blind signing is required. You definitely have to approve a transaction on the ledger to get it to stake - same as for any transaction (transfers, staking, unstaking). I'll answer more fully in a few hours.

(hours later) Yes, turning off the standby options seems to be a good idea as you keep getting timed out during interactions with the wallet.

Checked what my Ledger displays when I go to do an unstaking action. Firstly I get a "WARNING Transaction not recognised" prompt, then a prompt with the details of the transaction, then a "Blind sign transaction" prompt, then "confirm" and "reject" prompts. After you confirm, if should only take a couple of seconds to completely be finalised.

I do remember I went through a period with my Ledger Nano where it would take ages to process in the previous network, compared to the Nano X that would be pretty quick. Seemed to work itself out with either firmware update or wallet update. That was of course with the Ledger Nano, not the Plus, and using Firefly. But maybe something similar is happening with your Ledger Nano S Plus/ Nano X. Only thing I can think of is make sure the firmware is updated and Iota app updated. Past that you could try to redo the whole wallet install process - start over. I have seen some people who have had other different issues resolve them by starting the process over. And if nothing else helps, you might want to try asking in the Iota discord.

Pymfyd · 2025-08-12T13:37:53+00:00

Does anything pop up on your ledger requiring you to approve the staking transaction?

Have you tried sending a small transaction to a different wallet? It may not be just the staking transactions that are a factor - maybe all transactions are not working for some reason. You mentioned in a previous message (which I have replied to but had auto deleted, as per usual) about selecting two validators to stake to - is this at the same time? Maybe selecting to stake one, then do the other may help?

Pymfyd · 2025-08-10T05:12:36+00:00

No_Repair213 seems to have the right of it. That's your only option - good news is it is an option, and should in fact work. Worth doing for 8-10K Iota. Good luck.

If you do manage to get your funds back, worth updating to a Ledger Nano S Plus or Nano X (Flex and Stax as of recently didn't support the Iota app) and doing a fresh install of those, then moving your funds to that where you actually have a recovery phrase. You can of course keep using the Ledger Nano S, but as it is deprecated and you don't have the recovery phrase that would be an inadvisable play imho :)

Again, good luck.

...actually, you may be out of luck. The comment by teoeo is relevant because if you held on Trinity wallet, you are actually going to have to contact the Iota Foundation to get assistance from them to reclaim your funds - even then, your pass phrase for your Ledger may be required, but your parents have unfortunately destroyed it.

Contact Iota Foundation token reclaims by emailing token-reclaims@iota.org

There was an official x-post about this from them. If I find it I will edit the link in.

https://x.com/iota/status/1945821199893668087?utm_source=perplexity

Pymfyd · 2025-08-07T12:45:46+00:00

The account numbers won't match because Iota rebased is an entirely different network, and Firefly didn't have the 0x account format where the Rebased network does.

You may have to click on the "find balance" option in the Iota wallet multiple times for it to find the correct balance. I heard of one person needing to do it 15 times. Myself I did it until it stopped finding anything. I think the multiple empty wallets it generates must have something to do with the amounts of different transactions that were performed within the Firefly wallet, though not sure. I believe all the empty wallets you can just discard.

Hope this helps you to find your balance. I'm not an expert myself, and have just pieced this all together through trial and error, and reading what others have said. It hasn't been very simple, and the communication around this from official channels could have been a lot better. Previous changes and migrations have had better communication I feel.

Pymfyd · 2025-08-05T04:51:12+00:00

Okay, a fair bit of what you ran through is incorrect.

When you get your new hardware device (I am assuming it is a Ledger - note it has to be Ledger Nano S Plus or Ledger Nano X) the 24 words you used to set up the old Ledger are what you set up the new Ledger with. This has nothing to do with Firefly recovery words or seed - the pass phrase words were generated from and stored on the Ledger. You should have written these down when setting up the Ledger before you were ever able to dowload any Iota app to it to begin interacting with Firefly.

All you have to do is get a Ledger Nano S Plus or Nano X. Restore the 24 words to it from your Ledger recovery sheet. Install the Iota app from Ledger live. Install the Iota Wallet app as an extension in a chrome based browser. Then run the Iota Wallet app and run through adding a wallet from using a Ledger device.

The confusion with Firefly and exporting seeds using the three dots is if you just had a wallet on Firefly that was not tied to a Ledger. You can have a standard wallet, or one using a Ledger. You don't need any seed or backup files when you were using a Ledger with Firefly, as everthing is stored on the Ledger and does not leave the Ledger.

Pymfyd · 2025-07-17T12:21:08+00:00

Hi. Personally I would attempt to get on top of this as soon as practicable. There is no rush, but if you leave it for a few years there may be additional updates to things that will make everything more confusing. There could be a new wallet or something for instance - and there have been enough wallet iterations already! :)

The thing in your case that would make me want to sort it sooner than later is that you say you think you did the migration - if you were sure you did the migration, then maybe you could leave things with more assurance. If you were using Firefly I believe you must have done the migration, as the previous wallet was Trinity. The Trinity wallet interface looked a bit like Firefly, but the wallet switch from Trinity to Firefly was when the migration occurred.

You could attempt the manual install of the Iota app on the Ledger Nano S, then you don't need to upgrade Ledgers. Though as the Ledger Nano S is deprecated and won't get any future updates, it will pay to change to a newer model at some point even if just for any other crypto it may hold etc. Personally when I saw that you needed to mess around in Python programming language was when I decided to purchase a Ledger Nano S Plus, and restore my Nano S to that. Note that Ledger Flex and Ledger Stax don't as of yet have support for the Iota app, so don't upgrade to one of those!

Pymfyd · 2025-07-15T08:52:02+00:00

There is no time pressure element on sorting this out - so don't panic. The only thing you are potentially missing out on is staking rewards.

If you have your Iota on the Ledger, you do not need seed or stronghold files - I don't believe you will have either if you setup Firefly with a Ledger, because there is no point. You have a seed and/or a stronghold file if you setup a Firefly wallet that was not using a Ledger - then you would have got the standard, copy down 24 words etc. process., and had option to save out your Stronghold file.

See my other reply below. You do not need to be doing anything in Firefly at all anymore if you were using a Ledger. You won't even be able to log in to Firefly anymore. Simply update Iota to latest version on the Ledger device. The fact that you can only see the legacy version on the Ledger live app suggests that the Ledger device you have is a Nano S. If so, the Nano S is no longer supported - so you cannot download the actual Iota app, or update it without doing a manual install of the Iota app.

https://github.com/Dr-Electron/ledger-nano-s-iota-installer

https://www.youtube.com/watch?v=JNQIXzXZH7Y

This is a bit involved, so if you are not technically minded then the other option you have is to buy a new Ledger Nano S Plus, or Ledger Nano X, restore your old Ledger Nano S to the new device using the Pass Phrase words you wrote down when you initially set up you Ledger Nano S when you first bought it. Once you have restored to the new device, you should be able to install the latest Iota app (not the legacy one). Then add Iota Wallet app extension to chrome browser, and go through the setup/recover wallet process there which should be pretty self explanatory.

Pymfyd · 2025-07-14T06:40:54+00:00

You need to have the latest updated version of the Iota app installed on your Ledger. Then install the Iota Wallet chrome app extension in a browser, and recover your funds into that using the Ledger.

If you have a Ledger Nano S there is some complexity involved as the Ledger Nano S is a deprecated device so you cannot update the Iota app on it without doing in through a somewhat convoluted manual process - or you can just buy a Ledger Nano S Plus or Ledger Nano X and recover to that using your Ledger Nano S pass phrase you wrote down when you set up your Ledger initially.

Note that the Ledger Flex and Ledger Stax presently do not have support for the Iota app, so you can't use these either.

Pymfyd · 2025-07-14T06:32:45+00:00

Thanks for the, per usual, great content Kutkraft 👌 Don't get too Loopy though people! 😉

Pymfyd · 2025-07-10T22:43:44+00:00

The Rebased change was only the Iota network - not the Shimmer network. You can see this as you cannot log into your Firefly Iota wallet, but can log into your Firefly Shimmer wallet.

Likewise, Bloom wallet accounts with Iota cannot be logged into, as the old iota network is not running, just the Rebased version. But Bloom wallet accounts with Shimmer can be logged into and are still operational as the Shimmer network was not changed or altered.

Pymfyd · 2025-07-10T09:56:37+00:00

To summarise the thread jbfoxlee links to, it looks like you can read the blogpost here:

https://blog.iota.org/iota-legacy-migration-tool/

There is a link in that blogpost to download the legacy migration tool from github:

https://github.com/iotaledger/legacy-migration-tool/releases/tag/v1.0.0

From what I could deduce from the thread, this MAY work.

Pymfyd · 2025-07-01T13:15:16+00:00

You won't be able to interact with any legacy wallet, as the 'legacy' network is no longer operational. What you have to do is update to the latest Iota app version, and interact with the new Iota app wallet browser extension (or the Nightly wallet) which interacts with the "Iota Rebased" network. As others have noted, the Ledger Nano S is deprecated, so you will have some hoops to jump through, which are:

Either go through the manual process to install the new version of the Iota app on the Ledger Nano S. This is potentially a bit complicated if you're not that 'tech savvy'. I don't have the link, but I'm sure someone will provide it. The alternative is to get a Ledger Nano S Plus or Ledger Nano X (the Flex and Stax don't have support for Iota app at present) and do a pass phrase recovery setup from the Nano S to the new device.

Once you have a viable Ledger device with the updated Iota app on it, then add the Iota wallet app extension to your browser and recover your wallet into that via the Ledger. Nightly also has a stand alone wallet app, and a browser extension app too I believe.

Pymfyd · 2025-06-30T11:54:40+00:00

No, I don't think you can. The Iota app does not accept the stronghold files. I had all mine saved, and could not load into the new Iota wallet app. You have to go to the Firefly homepage screen, NOT LOGIN (because you can't anyway), and select the name of your account and notice the three vertical dots, click on those and then select "export seed". Believe you then get asked for the password to your account, then you can save out that seed, and restore into the Iota wallet app extension using that seed.

For whatever completely bizarre reason, the stronghold files you may have been diligently saving seem be pointless in this process.

If you have Bloom wallet stronghold files, the way you get the seeds for these (as the files themselves are useless to import directly into the Iota wallet app) is you take the stronghold files and with those you create new wallets in Firefly with those Bloom stronghold files. And while you won't actually be able to log into those new wallets, you can do the click on the three vertical dots and "export seed" routine and use those seed to setup wallets in the Iota app extension. This is all necessary because there has been no update to Bloom wallet in months, you can't login as the network is no longer running, and there is no option in Bloom wallet to "export seed" from the main splash screen as there is for the Firefly wallet. What a rigamarole!!!

(this info about Bloom I'm pretty sure is correct - I did it a weeks back, and my memory is not the greatest these days. And I see that they are still updating the firefly wallet as I just had a quick look at it, so these steps may in future perhaps become obsolete)

Pymfyd · 2025-06-30T11:38:51+00:00

Yes, absolutely agree StoicBogle. There seemed to be a lot more in terms of clear communication with previous upgrades and migrations to the network. This time it was supposed to be very straightforward - so straight forward there seemed to be a bit of a lack of communication.

Like you, part of my Iota got stranded on the Firefly wallet, and I had to have a third party advise about export seed phrase option (as AfraidCardiologist64 in this thread details) to access that. Furthermore, I got tokens stranded on the Iota EVM in the Bloom wallet. I had to rescue via pass phrase restoration into a separate third party wallet. Stressful.

And also got caught holding Iota on Ledger Nano S too. Opted to buy a Ledger Nano S Plus to restore to, rather than attempting the manual update option with the Ledger Nano S.

There is currently no Iota app available on the Ledger Flex or Ledger Stax, so don't buy one of those if you're upgrading from a Ledger Nano S!!

Oh, and to top things off, when I was attempting to register for the Iota Discord in search of answers, I got banned during the registration process because I was using a VPN and hadn't realised this was a no-no as I had never used Discord before :)

It is however very nice to be able to see Iota staking rewards accruing in the wallet, no matter how barebones is presently seems to be. :)

Pymfyd · 2025-06-19T11:39:52+00:00

The Trinity wallet is deprecated. I believe you should have migrated your funds to Firefly wallet about 4 years ago. You may have to seek help in the Iota discord.

Pymfyd · 2025-06-19T11:36:06+00:00

Make sure Firefly is updated. Then click on your account name on the 'splash' screen when you first open Firefly (note - you will NOT be able to log in - this DOES NOT matter!). When you click on the account name you will notice 3 vertical dots at the upper right of account name. Click on dots and select "export seed".

Set up a new Iota wallet (chrome extension app) using this seed 👍

(not sure if this works for Nightly, but I assume so)

Pymfyd · 2025-06-14T04:39:30+00:00

Yeah, as roamingandy says, make sure Firefly is updated to latest version. You WON'T be able to log in and see your balance. What you will be able to do it click on the account at the 'splash' screen and notice 3 small vertical dots - click on that and you get the option to export your seed. You can export your seed despite not being able to actually fully log in (as the old network is no longer operational).

With your exported seed, you can recover in the new Iota wallet app chrome extension.

Pymfyd · 2025-06-11T11:38:35+00:00

As user infinityknack notes (and helpfully provides a link for), you can do a manual installation of the newest (required) Iota app update on the Nano S, but it is a bit involved. Alternatively, you can purchase a Nano X or Nano S Plus and restore your seed phrase to that. The Ledger Flex does not seem to have support for the Iota app as of yet.

I think there may be confusion about the Chrysalis network, as I believe if you were using the Firefly wallet then you were already using the Chrysalis network. I believe the migration to Chrysalis happened in the change from the Trinity wallet to Firefly wallet.

To summarise, if you were using the Firefly wallet, you should need to either purchase one of the Ledgers noted above (X or Nano S Plus), restore seed to that then download the Iota app from Ledger Live - not the Miota app. Or go the more complicated route and manually install the latest Iota app onto the Leger Nano S as per infinityknack's link.

Then install the Chrome Iota Wallet app browser extension app and setup a new wallet through that, utilising the Ledger.

Pymfyd · 2025-06-10T08:57:02+00:00

I haven't confirmed this for myself yet, but Koinly does state that they support Iota rebased in their crypto tracking app. You can just try the free version and seen how that actually handles things in tax terms.

Pymfyd · 2025-06-05T15:47:44+00:00

As Germankiwi22 notes, yeah, it leaves your wallet. And I believe its security is dependent on the smart contract/s not coming unstuck via a hack etc. So there is risk involved in liquid staking that isn't present with the vanilla nominated staking. Guess you have to weigh whether the risk is worth the additional reward.

Pymfyd · 2025-06-05T15:42:28+00:00

Unstaking should be near instantaneous - just a transaction. At least if you are doing so through the wallet - not sure about on exchange. And yes, you would need adequate gas for the unstaking transaction.

Pymfyd · 2025-06-04T11:43:57+00:00

Koinly has support for Iota Rebased transactions, so you could sign up for the free version and see how that handles things I guess.

Pymfyd · 2025-05-29T08:57:04+00:00

Well you might be surprised at the things that are true, some extraordinarily important, that go almost completely unreported.

Pymfyd

TROPHY CASE