If your cold wallet is lost or ELLIPAL disappear, please don't worry.Ellipal is a full decentralized non-custodial wallet, Users take fully control of their private key and mnemonics Keeping your mnemonic safe is the most important thing, no one can steal your assets without your mnemonic.You can recover your account in the new cold wallet (or another brand of cold wallet) with mnemonics.
How to recover asset via mnemonic on new device
All of your cryptocurrency is actually stored on the collective Blockchain network. The hardware wallet stores the recovery mnemonics that you backup offline, on paper or much better yet on an ELLIPAL mnemonics metal.
If you no longer have access to your hardware wallet, you can recover your coins with mnemonics and passphrase on any other wallets that are based on the BIP-39 Protocol and you will regain access to all of your accounts, balances and transaction data.
If you no longer have access to your hardware wallet, you can recover your coins with mnemonics and passphrase on any other wallets that are based on the BIP-39 Protocol and you will regain access to all of your accounts, balances and transaction data.