Phantom, the largest wallet on the Solana blockchain, recently experienced downtime, prompting concerns among users about potential hacking incidents. Reports indicate that some users lost significant amounts of money, with one individual claiming to have lost thousands of dollars after importing a suspicious wallet address into their Phantom wallet. In response to these issues, Phantom announced that all services are back online and apologized for the downtime, emphasizing their commitment to user asset security. Additionally, some users have suggested alternative solutions, including uninstalling Phantom and using the Plena wallet as a workaround for minting issues. The situation has raised alarms within the community, with many urging caution when using the wallet.