Phantom, a popular Solana-based crypto wallet, has rolled out an urgent update for iOS users after reports of app resets that locked users out of their wallets. The company acknowledged the issue on November 14, advising affected users to restore access using their recovery phrases. Despite the update, users reported losing funds and being logged out. Phantom emphasized the importance of securely storing seed phrases, as they cannot recover them due to the wallet's non-custodial nature. This isn't the first hiccup for Phantom, which faced downtime in October affecting account balances.