CandleFocus Phantom ‘crypto’ wallet update locks users out of iOS wallet
2024-11-20
Author: Content Editor
Phantom, a digital asset wallet, experienced a glitch in its recent iOS update that wiped out users' wallets, leading to distress and financial losses for some. The developers issued an emergency update and urged affected users to recover their wallets using their seed phrases. The incident comes after Phantom faced disruptions due to a stress test and underscores the risks associated with wallet outages and glitches in the crypto world. Additionally, the article mentions recent attacks on DeFi platform DeltaPrime and highlights the growing trend of hackers stealing funds from digital asset holders. Despite a reported decline in crypto crime, regulators are making progress in apprehending cybercriminals, as evidenced by the arrest of a man allegedly responsible for a $235 million heist.
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