Phantom, a popular cryptocurrency wallet provider, has released an urgent update for its iOS app following reports of app resets that locked users out of their wallets unless they had their recovery phrases. The issue, which surfaced earlier this week, caused alarm among users who feared the loss of funds due to inaccessible accounts. The company asked those impacted to restore their wallets using their recovery phrases. To prevent further incidents, Phantom swiftly released an updated version of its iOS app. This is not Phantom’s first technical hiccup. In October, the wallet faced downtime, leaving some users with inaccurate account balances.
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