Phantom, a number one crypto pockets supplier within the Solana ecosystem, lately addressed a bug affecting account stability visibility.
On Aug. 15, a number of customers reported points with their functions, together with lacking or incorrect token balances. This led to issues about potential hacking incidents.
One person wrote:
“I simply received on Phantom, and all my cash apart from the principle cash are gone. It have to be a glitch, proper??!?!?”
Nevertheless, Phantom swiftly investigated and corrected the difficulty, stating:
“We’ve resolved a short lived difficulty that prevented customers from correctly seeing account balances. Whereas this didn’t impression person funds, we all know how severe incidents like this are. Our staff is taking steps to ensure it doesn’t occur once more.”
Phantom Pockets’s adoption
Launched in 2021, Phantom shortly emerged as a number one pockets for Solana, boasting over 7 million month-to-month energetic customers as of April 2024.
This progress was primarily pushed by the memecoin frenzy inside the Solana ecosystem, which catapulted it into the highest functions on Apple’s App Retailer charts, surpassing different main crypto apps like Coinbase. Phantom’s recognition surged additional with its integration of Bitcoin in Could.
Regardless of this speedy progress, Phantom faces stiff competitors from different crypto pockets functions.
Based on CryptoRank, the applying ranked third amongst July’s high 10 crypto pockets functions, behind Bitget Pockets and MetaMask, which noticed greater than 1 million app downloads, respectively. Phantom Pockets secured 667,000 downloads, putting it among the many high 10 wallets by obtain numbers.
However, it stays a preferred crypto software used closely inside the Solana ecosystem. This recognition has attracted the eye of malicious gamers who lately launched a fraudulent app on the App Retailer mimicking the professional Phantom Pockets, ensuing within the lack of customers’ funds.