Phantom Wallet Lawsuit: $500K Memecoin Heist Linked to Browser Security Flaw

Crypto wallet provider Phantom faces a lawsuit from investor Thomas Liam Murphy, alleging negligence and fraud following a significant theft of over $500,000 worth of Wiener Doge (WIENER). The suit claims a flaw in the company’s browser extension allowed hackers to access users’ private keys stored in unencrypted memory, leading to a direct attack on Phantom wallets.