
In addition, it said the users would be rewarded with SOL tokens as “rent” when the burned token is removed from the wallet. Revealing the details in a blog post on Thursday morning, Phantom said that users could find the new feature in the Collectible tab of the Phantom wallet app. Austin federa | 🔥💃 AugWhat Is Burn NFT Feature? But after extensive interviews and requests to the community, we couldn't find a single Phantom-forever user who had their wallet drained We spun up a Typeform to collect data and the results were clear – of those drained ~60% were Phantom users and 40% Slope users. Phantom’s new feature encourages users to report scams and earn SOL tokens by burning NFTs. In a recent tweet, Solana’s head of communications, Austin Fedora, said that “60 per cent of the wallets drained” in the attack were Phantom wallets.


Criminals stole around $5.2 million worth of cryptos after hacking into some 8,000 Solana-based crypto wallets, mostly Phantom wallets. The announcement comes close on the heels of a massive hacking attack on the Solana-based crypto wallets in the first week of August. If you're experiencing issues using the Phantom wallet, please reach out to Phantom wallet support.The popular Phantom Wallet has introduced the “burn NFT feature” that provides users rewards in SOL tokens for reporting spams in a bid to thwart the rampant frauds in the crypto space. You can use this address to send funds to your Ledger Solana Account.

#Phantom wallet install
#Phantom wallet how to
This tutorial describes how to set up and use the Phantom browser extension with your Ledger device to access your Ledger Solana (SOL) account(s).
