Phantom, a leading crypto wallet provider in the Solana ecosystem, recently addressed a bug affecting account balance visibility.
On Aug. 15, several users reported issues with their applications, including missing or incorrect token balances. This led to concerns about potential hacking incidents.
One user wrote:
“I just got on Phantom, and all my coins besides the main coins are gone. It must be a glitch, right??!?!?”
However, Phantom swiftly investigated and corrected the issue, stating:
“We have resolved a temporary issue that prevented users from properly seeing account balances. While this did not impact user funds, we know how serious incidents like this are. Our team is taking steps to make sure it doesn’t happen again.”
Phantom Wallet’s adoption
Launched in 2021, Phantom quickly emerged as a leading wallet for Solana, boasting over 7 million monthly active users as of April 2024.
This growth was primarily driven by the memecoin frenzy within the Solana ecosystem, w
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