lawsuit

A civil lawsuit has been filed against Phantom Technologies, the company that developed the well-known Phantom Wallet. The lawsuit alleges that one significant security breach led to a theft of $500,000. It points to dangerous flaws in Phantom’s handling of user private keys. Despite the conclusion by Phantom that this...

Phantom, a prominent crypto wallet provider, faces a lawsuit following a $500,000 memecoin exploit allegedly caused by a security flaw in its system. The firm claims over 15M active users and more than $20B in token swaps in 2024 so far. Instead, it now finds itself under the shadow of...