The plaintiffs allege Phantom exposed users to malware and crypto theft. They are now seeking $3.1 million in damages.

Phantom faces a lawsuit over a $500K hack and Phantom security breach, highlighting alleged negligence and unregulated activities.

This case exposes the regulatory vacuum that allows cryptocurrency wallets to behave like unregistered trading platforms ...

I was away from my computer for five minutes, and my cryptocurrency crashed by 99%,” Liam Murphy, a partner at the Crypto Law Firm, said in an interview.