Definition ∞ Phantom asset minting describes the unauthorized creation of new digital assets that appear legitimate but were generated outside intended protocol rules. This illicit minting often results from exploiting smart contract vulnerabilities or compromised administrative keys. The unbacked increase in supply devalues existing assets. It represents a severe form of financial manipulation.
Context ∞ Phantom asset minting incidents are among the most damaging exploits reported in crypto news. These events frequently trigger urgent security patches and forensic investigations. Preventing such unauthorized issuance is a paramount security objective for all digital asset platforms.
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