Phantom, a number one cryptocurrency pockets supplier within the Solana ecosystem, lately addressed a bug affecting account stability visibility.
On August 15, a number of customers reported points with their apps, together with lacking or incorrect token balances. This has led to considerations about potential hacking incidents.
One person wrote:
“I simply bought on Phantom and all my cash are gone besides my fundamental one. This have to be a mistake, proper??!?!?”
Nevertheless, Phantom shortly investigated and glued the problem, stating:
“We fastened a short lived difficulty that prevented customers from displaying account balances appropriately. Though it didn’t affect person sources, we all know how critical incidents are. Our crew is taking steps to make sure this doesn’t occur once more.”
Phantom Pockets Adoption
Launched in 2021, Phantom shortly established itself because the main pockets for Solana, boasting over 7 million month-to-month lively customers as of April 2024.
This progress was primarily pushed by the memecoin craze within the Solana ecosystem, which catapulted it to the highest apps in Apple's App Retailer charts, overtaking different main crypto apps equivalent to Coinbase. Phantom's recognition additional elevated with the mixing of Bitcoin in Could.
Regardless of this speedy progress, Phantom faces stiff competitors from different crypto pockets purposes.
In response to CryptoRank, the app ranked third among the many high 10 crypto pockets apps of July, behind Bitget Pockets and MetaMask, which noticed greater than 1 million app downloads, respectively. Phantom Pockets secured 667,000 downloads, making it one of many high 10 wallets by variety of downloads.
However, it stays a well-liked crypto utility closely used within the Solana ecosystem. This recognition has attracted the eye of malicious gamers who lately launched a fraudulent app impersonating the authentic Phantom Pockets on the App Retailer, ensuing within the lack of customers' funds.
