Phantom Wallet Faces Major Outage: User Transactions Affected

• Solana wallet Phantom is currently experiencing downtime due to a “major incident” with the backend
• The official Twitter account for Phantom has encouraged users who need to make urgent transactions to ignore simulation errors and try using a dApp
• Phantom Wallet has raised approximately $118 million from investors including Andreessen Horowitz and Paradigm

Solana-based cryptocurrency wallet Phantom is experiencing downtime due to backend issues. This article provides the details on the incident and its impact on Phantom users.

Incident Details

The official Twitter account for Phantom has confirmed that the wallet is facing an uptime incident due to problems with the backend.

The status page describes it as a “Major Incident” and notes that the backend seems to be down entirely. Phantom has encouraged users who need to urgently make transactions to ignore simulation errors and try using a dApp instead.

Impact on Users

With the backend down, some Phantom services are temporarily disrupted. Users may face issues with transactions and other wallet functions during the incident.

Phantom has advised users who urgently need to transact to use a decentralized application (dApp) despite simulation errors. They have asked for patience as the team works to resolve the issues.

Previous Incidents

According to the incident history, the Phantom backend was last down earlier this month on October 3. Solana also faced a major outage 262 days ago, as per recent reports.

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About Phantom

Phantom is one of the most popular wallets for Solana. Reports state that it has raised around $118 million from investors like Andreessen Horowitz and Paradigm.

Conclusion

The “major incident” has caused downtime and disruptions for Phantom and its large user base. The team is working to restore services. Users should use dApps if urgent transactions are needed.