The move follows a June 23 exploit that has now resulted in closing down the wallet, with users urged to withdraw their assets before all functions are disabled on Aug. 3, 2026.
Non-custodial multichain cryptocurrency wallet Ctrl Wallet will shut down its services, weeks after a security exploit, and told users on Tuesday to withdraw their assets within the next month.
Ctrl Wallet reported a security issue on June 23 effecting some Cardano wallets on the platform and said it entered a temporary "maintenance mode" to protect user assets until its engineering team restores full functionality.&
Earlier today, the wallet's operators announced that starting Aug. 3, 2026, sending, receiving, swapping funds and all other actions within the app will be unavailable, except for exporting users' recovery phrases.
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