Solana's Phantom wallet faces downtime, causing inaccurate account balances for users during anticipated GRASS airdrop

Quick Take

  • Solana’s biggest wallet, Phantom, is experiencing downtime, according to a status update.
  • Similar issues have happened in the recent past and were quickly resolved. 

Solana’s biggest wallet Phantom experienced downtime on Monday where some users saw inaccurate account balances, the firm disclosed. The incident began around 13:00 UTC though the firm appears to have fixed the issue as of 16:40 UTC, according to a status update

As of press time, the Phantom status page shows there has been a “major issue” and that the team is working to resolve an “ongoing incident.” The browser extension and mobile app, however, are operational. "Your funds are safe," the company wrote in a status update sent to users.

The outage happened as users of the Solana-based decentralized app Grass claim tokens from a recently announced airdrop, which will distribute 10% of the total GRASS token supply.

“We're currently experiencing an uptime incident and some services may be temporarily disrupted. If you are in urgent need of making a transaction, please ignore simulation errors and try using a dapp. Thanks for your patience as we work to resolve the issue,” Phantom wrote on X.

This is not the first time Phantom has experienced downtime this year. On Feb. 3, it experienced “delays with how token balances are being updated." On Aug. 15, the wallet startup reported it experienced “a temporary issue that prevented users from properly seeing account balances.” Days later, the Phantom website reported temporary issues.

In both instances, the issues were resolved quickly. Phantom has not yet responded to a request for comment about what went wrong.

Editor's note (Oct. 28, 2024 — 16:40 UTC): Updates to note the firm says the issue is resolved. 


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© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AUTHOR

Daniel Kuhn is a Senior Journalist and Editor at The Block, where he covers the crypto industry with a particular focus on tech. He previously served as deputy managing editor of opinion/features at CoinDesk. He first appeared in print in Financial Planning, a trade publication magazine. Before journalism, he studied philosophy as an undergrad, English literature in graduate school and business and economic reporting at an NYU professional program. You can connect with him on Twitter and Telegram @danielgkuhn or find him on Urbit as ~dorrys-lonreb.

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To contact the editor of this story: Jason Shubnell at [email protected]

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