Phantom Wallet experiences major outage!

Widespread Disruption Hits Phantom Users

@phantom, one of the most widely used self-custody wallets in the crypto space, suffered a significant service outage on July 11, 2026, leaving thousands of users unable to access their portfolios during peak trading hours. The wallet, which first gained traction through the @Solana $SOL ecosystem before expanding to Ethereum and other networks, acknowledged the problem publicly, confirming that some users were experiencing degraded performance.

The service interruption began during peak trading hours across multiple time zones, affecting users primarily on the Solana and Ethereum networks. Many users reported seeing zero balances or frozen price data across various decentralized applications connected to their Phantom wallets.

According to analysts, the fault originated in Phantom's data-aggregation layer rather than its key storage infrastructure, leaving user funds secure on-chain while exposing weaknesses in functional reliability. In practical terms, that layer sits between the blockchain and the user interface, fetching balances, token prices, and related state to help the wallet display information and draft transactions.

Service Restored, But Questions Remain

The outage began around 13:00 UTC and appeared fixed by 16:40 UTC, hitting Phantom during peak trading hours across Solana and Ethereum. Within hours of the initial incident, Phantom confirmed that its mobile app had returned to normal operation and apologised to affected users.

Over 161 user-submitted outage reports were logged within 24 hours, with confirmed issues spanning the mobile app, Phantom backend, and browser extension.

Repeated outages risk eroding Phantom's market position as users prioritise wallets with consistent access during critical trading windows. While the swift resolution and transparent communication helped contain the fallout, the incident underlines how dependent DeFi activity has become on wallet infrastructure that can falter under pressure. Users wanting to monitor Phantom's service health going forward can check its official status page at status.phantom.com.

Sources:
Phantom Official Status Page - Incident History
StatusGator - Phantom Mobile App Outage Tracker
CryptoRank - Phantom Wallet Outage Report