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Phantom reports ongoing service outage affecting in-app balances

The Block
Phantom is experiencing a service outage impacting token prices and balances, though it assures users their funds are safe.

Summary

Phantom, a crypto wallet service, announced a service outage late Monday night that is affecting token prices and in-app balances. The company stated it is actively working to resolve the issue as soon as possible. While the exact cause remains unclear, some users on social media platform X reported losing their balances and expressed significant concern. One user mentioned being unable to sell and seeing token prices plummet, leading to calls for reimbursement. Despite user apprehension, Phantom has clarified that user funds are not affected by the outage, stating, "Your funds are safe." The Block has reached out to Phantom for further comment.

(Source:The Block)