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. Cyber is the team behind the CyberConnect Web3 social protocol and its Cyber L2 network, and the two wallets are the consumer-facing pieces of that stack, which is why the sunset lands on everyday account holders. For related coverage, see US Regulator Conditionally Approves Bank Charter for Trump-Backed World Liberty Financial.

The Passkey Wallet name points to its sign-in method: passkeys are the passwordless, device-based credentials standardized by the FIDO Alliance, used here as an alternative to conventional password-and-seed-phrase setups. Its inclusion in the sunset means users who rely on that login method fall under the same Aug. 15 window. The key issue is timing. The cutoff marks 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 directed 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 matters operationally because it marks a change in the ability to move funds once the date passes. In practice, withdrawing usually means sending balances to a destination the user controls elsewhere, such as a self-custody wallet or an exchange account, and verifying that destination address before sending, since on-chain transfers to a wrong address are effectively final. Sunset notices are also a recurring hook for phishing and impersonation scams, so official Cyber channels are the only safe source of migration instructions. For users, that turns an open-ended process into a time-limited one, which is why the cutoff should be treated as an immediate task 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 also drawn broader scrutiny this year, including from regulators weighing tighter checks on crypto wallets, which adds context to why users are watching product changes like this closely.

What to Watch After the Deadline

The confirmed fact is the Aug. 15 cutoff itself. Details on post-deadline access, exceptions, or recovery paths are not confirmed in the available material, and no reason for the sunset is stated there either, so those remain open questions rather than established outcomes.

The next development to monitor is any follow-up from Cyber. Further updates would most likely 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 reports.

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.