Internet reports that Phantom Wallet recently reminded iOS users that some users encountered an "application reset" problem after the update, resulting in the inability to access the wallet. The problem appears to be limited to the iOS version, and users who have not backed up the restore phrase have lost access to funds. Phantom emphasized that users can recover wallets through recovery phrases and has released updates to prevent more users from being affected. The company reminds users to keep the recovery phrase properly to avoid losing funds. Recently, some users reported losing wallets and funds due to updates, and some users lost more than $1 million.