Phantom, a number one crypto pockets supplier within the Solana ecosystem, not too long ago addressed a bug affecting account stability visibility.
On Aug. 15, a number of customers reported points with their purposes, together with lacking or incorrect token balances. This led to issues about potential hacking incidents.
One person wrote:
“I simply acquired on Phantom, and all my cash apart from the principle cash are gone. It should be a glitch, proper??!?!?”
Nonetheless, Phantom swiftly investigated and corrected the difficulty, stating:
“We have now resolved a short lived difficulty that prevented customers from correctly seeing account balances. Whereas this didn’t affect person funds, we all know how severe incidents like this are. Our workforce is taking steps to ensure it doesn’t occur once more.”
Phantom Pockets’s adoption
Launched in 2021, Phantom rapidly emerged as a number one pockets for Solana, boasting over 7 million month-to-month lively customers as of April 2024.
This development was primarily pushed by the memecoin frenzy throughout the Solana ecosystem, which catapulted it into the highest purposes on Apple’s App Retailer charts, surpassing different main crypto apps like Coinbase. Phantom’s reputation surged additional with its integration of Bitcoin in Might.
Regardless of this fast development, Phantom faces stiff competitors from different crypto pockets purposes.
In keeping with CryptoRank, the applying ranked third amongst July’s high 10 crypto pockets purposes, 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.
Nonetheless, it stays a well-liked crypto software used closely throughout the Solana ecosystem. This reputation has attracted the eye of malicious gamers who not too long ago launched a fraudulent app on the App Retailer mimicking the legit Phantom Pockets, ensuing within the lack of customers’ funds.
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