Phantom Wallet Update: Users Report Losses and Demand Reimbursements
Crypto wallet provider Phantom has issued an emergency update for iOS users following reports that some users experienced app resets, locking them out of their wallets unless they remembered their recovery phrases. On November 14, Phantom alerted users on X about the issue and advised affected users to restore their wallets using their recovery phrases.
Phantom Wallet Update Sparks User Outrage
The team behind the Solana-based DeFi wallet pushed a new iOS app update to prevent further resets and apologized for the inconvenience. They emphasized the importance of securely storing seed phrases and assured users, "We’re committed to making sure this won’t happen again.
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