Phantom Faces Lawsuit over Security Vulnerabilities in Crypto Wallet
Key Takeaways: Phantom’s lawsuit exposes risks in noncustodial wallet security. Lack of encryption and velocity checks enabled theft. Hidden partnerships (e.g., OKX) amplify legal and security risks. A developer filed a lawsuit against Phantom Technologies in the Southern District of New York on April 14, claiming the company’s noncustodial wallet contained security vulnerabilities that led […]
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