tl;dr
A glitch in the widely used non-custodial wallet, Phantom, in the Solana ecosystem caused concern as users reported balance discrepancies and fears of compromised funds. Social media platforms amplified the issue, prompting questions about the wallet's security. Despite alarming reports, on-chain da...
A glitch in the widely used non-custodial wallet, Phantom, in the Solana ecosystem caused concern as users reported balance discrepancies and fears of compromised funds. Social media platforms amplified the issue, prompting questions about the wallet's security. Despite alarming reports, on-chain data confirmed users' tokens were intact. Phantom's team resolved the glitch and assured no funds were lost, but did not disclose the cause. Known for its user-friendly interface and secure environment, Phantom is crucial for storing and exchanging cryptocurrencies in the Solana network.
A recent glitch in Phantom, a widely used non-custodial wallet in the Solana ecosystem, has caused widespread concern among users. Over the past few hours, several individuals reported noticing discrepancies in their wallet balances. Some users claimed that their funds appeared to have been drained, triggering fears that the platform had been compromised. The issue gained traction on social media, particularly on X (Twitter) and Reddit.
The panic intensified as more users voiced similar concerns, leading many to question the security of the Phantom wallet. Despite these alarming reports, on-chain data reviewed by BeInCrypto through Solscan revealed that users’ tokens were, in fact, intact. Phantom’s team addressed the issue around 11:00 UTC. They assured users that the glitch had been resolved and that no funds were lost.
“We have resolved a temporary issue that prevented users from properly seeing account balances,” the team confirmed. However, they did not provide specific details regarding the cause of the glitch. BeInCrypto has reached out to Phantom for further clarification but has not received a response as of this writing.
Phantom, known for its user-friendly interface and secure environment, has become a popular choice for storing and exchanging cryptocurrencies within the Solana network. With over 7 million monthly active users as of April, the wallet’s reliability is crucial.
More about Emeren Group Ltd
Emeren Group Ltd,ReneSola Ltd, develops, builds, operates and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 77345000
Dividend Yield: None
EPS: -0.68
PE Ratio: 1.918
52-Week High: -0.127
52-Week Low: 106582000
Price to Book: 4.38
Price to Sales: 3.42
Return on Equity: 0.148