Users of CyberWallet and Passkey Wallet face an Aug. 15 withdrawal cutoff, the deadline by which account holders are directed to move their funds before the products are sunset. The change means the window to withdraw assets from both wallets closes on that date, making it the central action item for anyone still holding balances.
What the Aug. 15 Withdrawal Cutoff Means
Cyber has announced that it is sunsetting CyberWallet and Passkey Wallet, with Aug. 15 set as the withdrawal cutoff for both products. For related coverage, see US Regulator Conditionally Approves Bank Charter for Trump-Backed World Liberty Financial.
The core of the news is timing. The cutoff defines the last point at which affected users are directed to move their assets out, so the practical takeaway is to complete any withdrawal before the deadline rather than after it. For related coverage, see Morgan Stanley Raises BlackRock Bitcoin ETF Stake by 23%.
Which Users May Be Affected and Why It Matters
The affected group is the existing user base of CyberWallet and Passkey Wallet. The announcement is aimed at current account holders who still have funds in either wallet. For related coverage, see KULR Sells 333 BTC for $21.5M, Repays Coinbase Loan, Ends Mining.
A withdrawal deadline is operationally important because it marks a change in the ability to move funds once the date passes. For users, that turns an open-ended action into a time-boxed one, which is why the cutoff is worth treating as an immediate to-do rather than a background notice. For related coverage, see Israel's Largest Bank Taps Galaxy for Bitcoin and Ether Trading.
Wallet access and self-custody have drawn broader scrutiny this year, including from regulators weighing tighter checks on crypto wallets, which adds context to why users watch product changes like this one closely.
What to Watch After the Deadline
The known fact is the Aug. 15 cutoff itself. Details on post-deadline access, exceptions, or recovery paths are not confirmed in the available material, so those remain open questions rather than established outcomes.
The next thing to monitor is any follow-up from Cyber. Further updates would most plausibly appear through the company’s own channels, such as its official blog, and readers should treat confirmed announcements there as the reference point rather than secondhand accounts.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
