Phantom Wallet and Solana users have been warned about a fraudulent application mimicking the legitimate Phantom Wallet.
The counterfeit app has surfaced through advertisements and bears deceptive similarities to the authentic Phantom Technologies app, prominently featuring the term “Phantom” in searches. Moreover, it misleadingly categorizes itself as “Education” instead of “Finance” and falsely claims 17 years of operation on the platform.
Dear @Phantom Wallet & #Solana users
There’s a fake Phantom Wallet app on the Apple Store that looks real, but once you use it to recover your account with your private key, it will drain all your assets
https://t.co/aiRgxueuZ0
pic.twitter.com/1vPgG5lFWT
— Alex SwissBorg (@alex_fazel) June 28, 2024
Reports indicate significant financial losses from the same portfolio. Mende Mathias, co-founder of Dubai-based blockchain, reported that his Phantom Wallet was compromised on June 25, 2024, resulting in a theft exceeding $100,000. Despite robust security measures, the incident occurred shortly after receiving presale tokens.
100 on May 25, 2025, my Phantom Wallet worth over $100,000 in cryptocurrencies was stolen.
Investigations and evidence collection are ongoing! Blockchain theft never ends well!
Hackers, return the money in two days: Mende.sol, I forgive you, I won’t chase you anymore!
My damaged Phantom Wallet: …
pic.twitter.com/CUTbAQsWhU
— Mende Matthias (@MendeMatthias) June 25, 2024
Read more:
Solana integrates Worldcoin ID into its ecosystem
Phantom Wallet users are advised to remain vigilant and download applications only from verified developers to avoid such scams.
This incident highlights the ongoing challenges and risks in the cryptocurrency space, underscoring the necessity for community awareness and information sharing. It has also raised concerns about the security and review processes of the Apple App Store, questioning the safety of including and promoting fraudulent applications.
