Solana’s Phantom Adds Safety Rails After Scammers Drain Wallets

Solana’s Phantom Adds Safety Rails After Scammers Drain Wallets
Solana-based digital wallet Phantom has shored up its cyber defenses after weeks of user-reported scams that drained victims’ crypto token balances.The wallet, analogous to Ethereum’s Metamask, exiled its “auto-approve” transaction feature to the back of the app, an Oct. 7 blog post said. It also cleaned up the transaction preview UI and said an anti-phishing website blocker is slated for future rollout.“We need a way to protect users from losing their funds to the ever-growing number of phishing scams out there,” Phantom’s Chief Product Officer Chris Kalani told CoinDesk in an email.Phantom’s security upgrades highlight the tug-and-pull between developers trying…