{"id":100058,"date":"2024-11-19T19:52:27","date_gmt":"2024-11-19T23:52:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100058"},"modified":"2024-11-19T19:53:38","modified_gmt":"2024-11-19T23:53:38","slug":"phantom-acquires-blowfish-to-boost-security","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/phantom-acquires-blowfish-to-boost-security\/","title":{"rendered":"Phantom Acquires Blowfish to Boost Wallet Security"},"content":{"rendered":"\n

Phantom has acquired the web3 security platform Blowfish, the non-custodial cryptocurrency wallet for decentralized finance and non-fungible tokens <\/a>on Solana.\u00a0<\/p>\n\n\n\n

\"Phantom
Phantom Acquires Blowfish to Boost Wallet Security<\/figcaption><\/figure>\n\n\n\n

The cryptocurrency wallet, which is situated in Solana, revealed the transaction on November 19 and stated in a blog post that the measure is intended to increase wallet customers' security. <\/p>\n\n\n\n

The Blowfish team, renowned for safeguarding assets and users by warning of fraud and scams, will join Phantom. <\/p>\n\n\n\n

Phantom claims that purchasing Blowfish is an important step in the fight against malicious decentralized apps\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and bugs. <\/p>\n\n\n\n

Recently, the wallet experienced outages and a bug update<\/a> that compromised user safety and experience. <\/p>\n\n\n\n

Regarding Blowfish's contribution to improving user security, Brandon Millman, CEO of Phantom, said:\u00a0<\/p>\n\n\n\n

\n

With their help, we're going to offer the most secure and user-friendly platform to access, and interact with, apps, tokens, and collectibles across all devices.”<\/p>\n<\/blockquote>\n\n\n\n

According to reports, Blowfish has scanned over 1.3 billion transactions and stopped over 2.8 million scams, protecting assets valued at over $18 billion. <\/p>\n\n\n\n

Now that Blowfish's service is ending, this feature will be incorporated into Phantom. Unaware consumers lost assets in June of this year due to a phony Phantom wallet that was promoted on the Apple App Store<\/a>. <\/p>\n\n\n\n

Some iOS users were locked out of their accounts on November 13 due to a bug update. The malfunction introduced a bug that reset wallets and inserted a prompt asking users to check in again using their recovery phrases. <\/p>\n\n\n\n

A number of customers reported losing money; one of them claimed to have lost $600,000. It is crucial to remember that Phantom is a non-custodial wallet<\/a> that neither stores recovery phrases nor has access to user cash. <\/p>\n\n\n\n

Digital asset custody and wallet infrastructure platform Fireblocks recently introduced a non-custodial wallet-as-a-service solution to improve user asset security throughout the sector.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Phantom has acquired the web3 security platform Blowfish, the non-custodial cryptocurrency wallet for decentralized finance and non-fungible tokens on Solana.\u00a0 The cryptocurrency wallet, which is situated in Solana, revealed the transaction on November 19 and stated in a blog post that the measure is intended to increase wallet customers’ security. The Blowfish team, renowned for […]<\/p>\n","protected":false},"author":43,"featured_media":100059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22894,22895,22823],"class_list":["post-100058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blowfish","tag-cryptocurrency-wallet","tag-phantom-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1732058712067.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100058"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/100059"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}