Phantom wallet resolves balance display bug after user concerns
Phantom wallet resolves balance show computer virus after user issues Phantom wallet resolves balance show computer virus after user issues
Phantom customers sage lacking tokens sparking hacking issues within the neighborhood.
Mask artwork/illustration by strategy of CryptoSlate. Notify involves mixed allege that can presumably well furthermore consist of AI-generated allege.
Phantom, a number one crypto wallet provider within the Solana ecosystem, no longer too prolonged within the past addressed a computer virus affecting story balance visibility.
On Aug. 15, several customers reported issues with their applications, including lacking or unsuitable token balances. This ended in issues about attainable hacking incidents.
One user wrote:
“I correct got on Phantom, and all my cash moreover the principle cash are gone. It desires to be a glitch, lovely??!?!?”
On the other hand, Phantom rapid investigated and corrected the topic, declaring:
“We've resolved a brief topic that prevented customers from effectively seeing story balances. While this didn't influence user funds, we all know the contrivance extreme incidents like this are. Our crew is taking steps to be obvious it doesnât occur all every other time.”
Phantom Wallet’s adoption
Launched in 2021, Phantom rapid emerged as a number one wallet for Solana, boasting over 7 million month-to-month energetic customers as of April 2024.
This allege used to be essentially driven by the memecoin frenzy within the Solana ecosystem, which catapulted it into the head applications on Apple’s App Retailer charts, surpassing other major crypto apps like Coinbase. Phantom’s recognition surged additional with its integration of Bitcoin in May per chance per chance per chance furthermore.
Despite this speedy allege, Phantom faces stiff competition from other crypto wallet applications.
In line with CryptoRank, the utility ranked third among July’s top 10 crypto wallet applications, within the aid of Bitget Wallet and MetaMask, which saw more than 1 million app downloads, respectively. Phantom Wallet secured 667,000 downloads, putting it among the head 10 wallets by download numbers.
Nonetheless, it remains a trendy crypto utility extinct closely within the Solana ecosystem. This recognition has attracted the attention of malicious players who no longer too prolonged within the past launched a fraudulent app on the App Retailer mimicking the authentic Phantom Wallet, ensuing within the loss of customers’ funds.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's attainable. He imparts insights on a range of issues like DeFi, hacks, mining and culture, underlining transformative energy.
Liam 'Akiba' Wright
Generally is named "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized know-how has the aptitude to invent trendy certain trade.
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Solana is a high-performance blockchain platform that makes use of a obvious consensus algorithm called “Proof of History” to invent speedy transaction speeds and low bills.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries by strategy of a behold-to-behold network.
Ethereum is a decentralized, beginning-provide blockchain platform that enables the appearance of spruce contracts and decentralized applications (DApps).
Coinbase
Coinbase is a digital currency trade and wallet carrier that permits other folks to aquire, sell, and store digital currencies, equivalent to Bitcoin, Ethereum, and Litecoin.
Phantom is a friendly Solana wallet constructed for DeFi & NFTs that makes it actual and easy for you to store, aquire, ship, gather, swap tokens and accumulate NFTs on the Solana blockchain.
MetaMask is an extension for accessing Ethereum enabled dispensed applications or “dApps” for your regular browser.
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