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 did not back up the recovery phrase have lost access to their funds. Phantom stressed that users can restore wallets through the recovery phrase, and has released an update to prevent more users from being affected. The company reminded users to keep the recovery phrase properly to avoid losing funds. Recently, some users reported losing wallets and funds due to the update, and some users lost more than $1 million.