Bullish
CyberWallet Shutdown Imposes Aug 15 Deadline For Asset Withdrawals
10:30
Cyber mandates asset migration by Aug 15 to avoid unsupported smart contract recovery. Distinct paths apply for CyberWallet and Passkey users, with SmartGas deposits converted to Surf coupons.
Woofun AI reports that Crypto company Cyber has established an August 15 deadline for CyberWallet and Cyber Passkey Wallet users to migrate their assets before the interfaces go offline. Users retaining balances after this cutoff will face a technical recovery process involving direct smart contract interaction, which Cyber states it will not support. CyberWallet users are instructed to transfer standard tokens to their associated signer wallet, while Passkey Wallet users must move all assets to an external wallet and verify zero balances. SmartGas deposits in CyberWallet cannot be withdrawn via standard flows; instead, eligible users will receive Surf coupons as the stated resolution. The shutdown notice emphasizes that tokens remain on-chain, but the supported access routes will be removed, requiring users to act before the unspecified August 15 cutoff to avoid relying on unsupported recovery methods.
WOOFUN AI
Impact Assessment · Quick Read
The forced migration highlights operational risks associated with custodial or interface-dependent wallet solutions. Users failing to adhere to the distinct transfer protocols for CyberWallet versus Passkey Wallet may face significant friction or loss of access to funds. The conversion of SmartGas deposits into Surf coupons rather than direct withdrawal introduces a liquidity constraint for affected holders, potentially impacting short-term demand for the token.
Generated by WOOFUN AI · For reference only, not investment advice
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