Phantom Sued After $500K Crypto Theft & Wiener Doge Collapse

Krutika Adani

How the Phantom Wallet Was Hacked?

A flaw in Phantom’s browser extension exposed private keys in memory, letting hackers bypass 2FA and drain over $500K.

Wiener Doge Crashes 99% Overnight

The meme coin, once valued at $3M, tanked to under $0.01 after the attacker liquidated all tokens via Phantom’s Swapper tool.

What the Lawsuit Alleges?

Investors accuse Phantom of negligence, false advertising, and aiding money laundering with OKX’s support.

$3.1M in Damages Demanded

Led by attorney Liam Murphy, 14 plaintiffs seek $3.1 per lost token, blaming both Phantom and OKX for the exploit fallout.

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