Kind of sus that they would spread a rumor that its a phrase. This isnt something I would forget, or confuse with a timestamp..
But I do agree, it is unusual actually that the code was lost.
It is also unusual that they didn't include how they derived the seed, and weren't forced to pick a randomly generated one.
I guess these are all things that would happen today but this was not so long ago to my mind so it is a surprise it didn't happen!