Phantom reaffirms its commitment to security: recent vulnerabilities do not compromise user funds in any way

In response to criticism from security researcher @CloakdDev, Phantom, Solana's on-chain crypto wallet, said a recently disclosed vulnerability did not threaten the security of users' funds. In a public statement, Phantom apologized for the delay in communication and reiterated its commitment to security, saying: "We are confident that this vulnerability does not compromise users' funds in any way." However, Phantom did not provide further technical details or a timeline for potential countermeasures. Similarly, Cloakd did not disclose specific technical information about the vulnerability.
The incident has sparked widespread concerns among users, with many questioning how wallet providers balance transparency with security. Some community members turned to Cloakd for advice on the level of risk and how to protect assets. Cloakd advised users to consider migrating to other wallets.