Solana’s Phantom Wallet Hacked Again—$52M in SOL and USDC Stolen

In a shocking repeat incident, Solana’s Phantom Wallet suffered a new exploit draining $52 million in $SOL and USDC from over 9,000 users. The exploit was linked to a malicious SDK update disguised as a browser patch. Users are furious as this marks Phantom's second major breach in 12 months. SOL plummeted 18% within hours. USDC briefly depegged to $0.89 on Solana DEXs due to panic selling. Circle and Solana Labs have launched emergency recovery efforts. Meanwhile, Avalanche $AVAX and Near Protocol $NEAR are gaining traction as safer alternatives. Solana’s security is now under serious scrutiny.