Phantom, a leading crypto wallet for Solana, recently resolved a bug affecting token balance visibility. On Aug. 15, users reported missing tokens, sparking fears of hacking. Phantom quickly addressed the issue, assuring users that funds were safe and that steps were being taken to prevent future glitches.

Phantom’s Rise and Challenges

Since its 2021 launch, Phantom has gained over 7 million monthly users, driven by the Solana memecoin frenzy and Bitcoin integration. Despite its growth, Phantom faces competition from wallets like MetaMask and Bitget.

Security Concerns

Phantom’s popularity also attracted scammers, leading to a fraudulent app on the App Store that caused users to lose funds.

With all this success, can Phantom stay ahead of the competition and secure its users?

Source: https://cryptoslate.com/phantom-wallet-resolves-balance-display-bug-after-user-concerns/ Show Less