Solana

<p class="is-style-lead">Solana Mobile’s third-party distributor faced inventory issues, sparking order cancellations and refunds for affected customers.</p> 
<p>In <a href="https://twitter.com/solanamobile/status/1738043961426456963" target="_blank" rel="noreferrer noopener">an X post</a> on Dec. 22, <a href="https://crypto.news/tag/solana/" target="_blank" rel="noreferrer noopener">Solana</a> Mobile, a mobile tech company developing the Solana Mobile Stack and Saga, revealed that a high surge in demand for its Saga product resulted in sellouts across the United States and the European Union.</p> 
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<p>However, amid the hype, the company, which had a limited inventory of 20,000 devices produced globally, is facing challenges in fulfilling orders due to an inventory management issues with a third-party distributor.</p> 
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 <p>“In working to fulfill orders, we learned of an inventory management issue with our third-party distributor that resulted in an inaccurate representation of our inventory.”</p> 
 <p>Solana Mobile</p> 
</blockquote> 
<p>The inventory problem led to inaccuracies in representing the available stock that is preventing the company from fulfilling orders placed after the inventory had been depleted. Additionally, orders flagged for suspicious activity, such as those with excessive device quantities or payment risk, were also canceled, Solana Mobile added.</p> 
<p> You might also like: <a href="https://crypto.news/solana-saga-called-by-tech-industry-critic-as-worst-smartphone-of-2023/"> Solana Saga called by tech-industry critic as worst smartphone of 2023 </a> </p> 
<p>Customers impacted by the cancellations have been notified, with refunds scheduled to be processed in the coming days, the company says. For those who have not received a cancellation notice, Solana Mobile assured that their Saga devices are en route.</p> 
<p>Unveiled in late October 2022, the Solana Saga is an IP68-rated smartphone running on Android, <a href="https://crypto.news/crypto-focused-smartphone-solana-saga-unveiled/" target="_blank" rel="noreferrer noopener">featuring</a> a 120Hz AMOLED screen, a 50MP primary camera, and up to 1TB of storage, with an initial price of $1,000.</p> 
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   <p lang="en" dir="ltr">Ever wondered about the security of your Web3 devices? <br><br>Our newest exploration reveals a significant bootloader vulnerability in the Solana Phone, a challenge not just for this device but for the entire industry. Our commitment to enhancing security standards is unwavering. 🔐… <a href="https://t.co/lHZ5W7hXzy" target="_blank">pic.twitter.com/lHZ5W7hXzy</a></p>— CertiK (@CertiK) <a href="https://twitter.com/CertiK/status/1724774322324062524?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 15, 2023</a>
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<p>In mid-November 2023, the blockchain security firm CertiK <a href="https://crypto.news/certik-reports-a-critical-security-vulnerability-in-solanas-saga-phone/" target="_blank" rel="noreferrer noopener">released a video</a> demonstrating a critical vulnerability exploit on Solana’s flagship Saga phone. According to the firm’s analytics, the Solana Saga phone has a significant vulnerability that could allow hackers to create a backdoor into its software and compromise the device.</p> 
<p>However, shortly after the news surfaced, Steven Laver, the lead mobile software engineer at Solana Labs, <a href="https://crypto.news/solana-denies-security-threat-to-saga-phones/" target="_blank" rel="noreferrer noopener">commented</a> to the media that the video does not disclose any known vulnerabilities or security risks for Saga owners.</p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans - Ep. 578" width="1020" height="574" src="https://www.youtube.com/embed/xwFBD2hzChk?start=3323&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>In early December, during an appearance on Laura Shin’s Unchained podcast, Solana CEO Anatoly Yakovenko acknowledged that the smartphone faced an uncertain future due to disappointing sales. Nevertheless, once the BONK craze began, Solana’s smartphones <a href="https://crypto.news/saga-mobile-by-solana-sells-out-on-the-heels-of-bonk-token-surging-7-in-24-hour-trading/" target="_blank" rel="noreferrer noopener">quickly sold out</a> as Saga owners could claim free 30 million BONK tokens, equivalent to about $565, as of press time.</p> 
<p> Read more: <a href="https://crypto.news/solana-mobile-launches-the-saga-developer-kit-program/"> Solana Mobile launches Saga developer kit program </a> </p>

Solana Mobile faces inventory challenges amid high demand for Saga

crypto.news

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