Phantom, the main cryptocurrency pockets supplier within the Solana ecosystem, not too long ago addressed a bug affecting the visibility of account balances.

On August 15, a number of customers reported points with the appliance, together with lacking and incorrect token balances, elevating considerations a few doable hacking incident.

One person wrote:

“I switched to Phantom, however now all my cash are gone aside from my fundamental coin. Is that this a glitch?!?”

Nevertheless, Phantom rapidly investigated and glued the difficulty.

“We now have resolved the non permanent difficulty that prevented customers from correctly viewing their account balances. Whereas customers' funds weren’t affected, we perceive how severe an incident like that is, and our group is taking steps to stop it from taking place once more.”

Introducing Phantom Pockets

Launched in 2021, Phantom rapidly emerged as Solana's main pockets, with over 7 million month-to-month lively customers as of April 2024.

This development was primarily pushed by the meme coin craze inside the Solana ecosystem, which propelled it to the highest of Apple's App Retailer charts, surpassing different main cryptocurrency apps corresponding to Coinbase. Phantom's recognition was additional boosted by its Bitcoin integration in Could.

Regardless of this fast development, Phantom faces stiff competitors from different cryptocurrency pockets purposes.

In accordance with CryptoRank, the appliance ranked third among the many prime 10 cryptocurrency pockets purposes in July, behind Bitget Pockets and MetaMask, which every had over 1 million downloads. Phantom Pockets rounded out the highest 10 wallets by downloads, with 667,000 downloads.

Regardless of this, Phantom Pockets stays a well-liked crypto utility that’s closely used inside the Solana ecosystem. This recognition has additionally attracted the eye of malicious gamers, with fraudulent apps imitating the reputable Phantom Pockets not too long ago showing on the App Retailer and ensuing within the lack of person funds.

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