Solana’s Phantom Adds Safety Rails After Scammers Drain Wallets

Solana’s Phantom Adds Safety Rails After Scammers Drain Wallets

Phantom’s security upgrades highlight the tug-and-pull between developers trying to simplify crypto’s user experience and scammers exploiting their shortcuts.

Solana-based digital wallet Phantom has shored up its cyber defenses after weeks of user-reported scams that drained victims’ crypto token balances.

The wallet, analogous to Ethereum’s Metamask, exiled its “auto-approve” transaction feature to the back of the app, an Oct. 7 blog post said. It also cleaned up the user interface (UI) for transaction previews and said an anti-phishing website blocker is slated for future rollout.

Phantom’s security upgrades highlight the tug-and-pull between developers trying to simplify crypto’s user experience and scammers exploiting their shortcuts.

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