Blockchain security firm CertiK claimed to have discovered a significant vulnerability with Solana Labs’ Web3 smartphone Saga.

In a video posted to X on Wednesday, CertiK described the bootloader vulnerability as one that posed a challenge for the entire industry. 

CertiK asserted that the flaw would allow a backdoor to be installed in the device which would compromise its existing software, making any data stored on it susceptible to being stolen or wiped in an attack.

The Solana Saga phone went live earlier this year, built using the “Solana Mobile Stack” or SMS, that integrates features to store, trade and send crypto using the device. Its customized seed vault feature stores the user’s private keys away from the rest of the phone’s data, designed to make the phone more secure.

A member of the Saga team, Jax, addressed CertiK’s claims on the project’s official Discord channel.

“The video does not reveal any known vulnerability or security threat to Saga holders. The video shows the user unlocking the bootloader, which is something that can be done on many Android devices,” said Jax.

He added that unlocking the bootloader itself was a change that could only be made by the authorized user of the phone. 

A number of blockchain users shared the same opinion, criticizing CertiK for trying to sound an alarm on a supposed flaw that was not exclusive to Solana’s Saga phone, but rather the wider smartphone market. 

Solana’s price surprisingly went northwards after news of the alleged Saga phone vulnerability made rounds. At the time of writing, the price of SOL was around $66, gaining as much as 16% over the last 24 hours.  

The spike in price was notably after ARK Invest’s Cathie Wood said Solana was “doing a really good job” in an interview with CNBC.