Daily Crypto Briefs 
CASABLANCA, Aug. 15, 2026
CyberWallet and Cyber Passkey Wallet reached their Aug. 15 shutdown deadline, with Cyber telling users to withdraw assets before the interfaces go offline and warning that any later recovery would require direct interaction with smart contracts.
The deadline turns a February product-retirement notice into an immediate custody task. Cyber says normal access to both wallet interfaces will end after Aug. 15, although tokens left behind remain on-chain rather than disappearing from the underlying addresses.
Cyber’s official announcement does not disclose the number of wallets with balances, the value of assets still held, or a specific shutdown hour. It says users who miss the window would need to interact directly with the contracts, a technical process the company says it will not support.
CYBER traded near $0.30 when checked, up about 1.6% over 24 hours, with a market capitalization of roughly $18.3 million and 24-hour trading volume near $5.9 million, according to CoinGecko’s market page. Those token-market figures do not show the value held in the retiring wallets or establish that the shutdown moved the price.
Cyber said the products had been built around smart accounts and gasless transactions, but it is moving resources toward Cyber Network’s data infrastructure and its Surf product. The company said standard ERC-20 withdrawals, including USDT, USDC and OP, were supported through the wind-down period for CyberWallet users.
CYBER
CYBERCyberWallet Shutdown Deadline Requires a Withdrawal Check
Cyber tells CyberWallet users to sign in at the official wallet interface, use its withdrawal banner and transfer supported assets to their signer wallet. Passkey Wallet users are told to sign in and transfer assets to an external wallet.
The instruction is deliberately narrower than a general security alert. Cyber has not reported a theft, wallet compromise or loss of private keys in its sunset notice. It is retiring user interfaces and keeping the underlying tokens on-chain, which means a user who has completed a supported transfer is not waiting for a distribution or manual review.
That is unlike the AscendEX wind-down, where the exchange said automated withdrawals had been paused and it could not assure customers about timing or amounts. Cyber’s notice describes a product deadline, but it still gives users a reason to verify balances and destination addresses before the normal route closes.
Cyber’s homepage continues to display the withdrawal warning. The company says new wallet creation was disabled in February, and that CyberWallet deposits and swaps were also disabled then. The feature set available at the deadline is therefore a withdrawal-only path, not a venue for trading or adding funds.
Tokens Remain On-Chain After Cyber Passkey Wallet Access Ends
Cyber says that leaving an asset behind does not erase it. The consequence is access: without CyberWallet or Passkey Wallet’s normal interface, the company says a user would need to call the relevant smart contract directly to move funds.
That distinction is important for users of account-abstraction products. A wallet can be controlled by a smart contract rather than a single ordinary address, so recovery can depend on the contract design, the signer’s permissions and the tools a user can safely operate. Cyber’s own developer documentation says the network made account abstraction native, but the public sunset notice does not publish a general post-deadline recovery workflow.
The company says CyberWallet users who deposited SmartGas cannot withdraw that balance through the normal process. Instead, it says eligible users will see a complimentary Surf subscription coupon in the CyberWallet dashboard. That remedy applies only to SmartGas deposits, not to an undisclosed pool of unclaimed tokens.
Users should also treat the deadline as a phishing opportunity. Recent reporting on a Trezor shipping-provider breach showed how wallet-related events can make messages requesting seed phrases, remote access or urgent transfers look more credible. Cyber’s notice directs users to its official wallet routes; it does not ask for recovery phrases or direct-message support arrangements.
Cyber Shifts Wallet Resources Toward Network and AI Products
Cyber said it decided to focus on infrastructure for crypto and artificial intelligence, including Cyber Network as a data layer and Surf as a primary product. The retiring products were created to make smart accounts and gasless transactions easier to use, according to the announcement.
The move illustrates a practical limit of hosted wallet experiences. Even when assets are on-chain, the everyday ability to view a balance and sign a transaction can depend on a company maintaining front-end software and account-recovery tooling. A product closure can therefore become an operational deadline without being an on-chain failure.
The Crypto Fear & Greed Index read 34, or Fear, on Aug. 15. It is broad Bitcoin-market sentiment, not a measure of CyberWallet balances, withdrawal completion or CYBER demand.
Fear & Greed Index
Aug. 15, 2026What happens immediately after the scheduled closure is not fully specified beyond the loss of the normal interfaces. Cyber has not published the amount of assets remaining, a cutoff time, or a later support program for contract-level recovery. The clearest confirmed next step for affected users is to use Cyber’s official interfaces while they remain available, confirm that supported balances have moved, and retain transaction records.
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Primary sources and further reading
| Source | Title |
|---|---|
| | Cyber: Sunsetting CyberWallet and Passkey Wallet |
| | Cyber: official website shutdown notice |
| | Cyber Docs: Cyber L2 and account abstraction |
| | CoinGecko: CYBER price and market data |
| | Alternative.me: Crypto Fear and Greed Index |
Fact-checked by: Daily Crypto Briefs Fact-Check Desk
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Frequently Asked Questions
When does CyberWallet shut down?
Cyber says CyberWallet and Cyber Passkey Wallet are scheduled to go offline on Aug. 15, 2026. Users should complete supported withdrawals through the official interfaces before the deadline passes.
Are assets left in CyberWallet lost after the shutdown?
Cyber says tokens remain on-chain, but the wallet interfaces will no longer be available. The company says accessing any remaining assets would require direct interaction with the underlying smart contracts and that it will not support that process.
How can CyberWallet users withdraw assets?
Cyber directs CyberWallet users to sign in at the official wallet, use the withdrawal banner and transfer supported ERC-20 tokens to their signer wallet. Passkey Wallet users should transfer assets to an external wallet.
What happens to SmartGas deposits in CyberWallet?
Cyber says SmartGas cannot be withdrawn through the normal flow. Eligible CyberWallet users who deposited it are to receive a complimentary Surf subscription coupon shown in their dashboard.