Cyber Network has decided to terminate operations for its two main digital wallets, CyberWallet and Passkey Wallet, effective August 15, 2026. This deadline serves as a stern warning to all users to immediately withdraw all crypto assets stored within both platforms before access is permanently closed. News of the service shutdown initially emerged within the community via an announcement from the X social media account @BuildOnCyber, prompting token holders to quickly respond to the withdrawal instructions.
Although sudden service closures often spark negative speculation in the crypto space, this incident is confirmed not to be the result of a hack or any security breach risking user funds. The decision to discontinue the two digital wallets stems purely from internal strategic business decisions. Cyber Network has chosen to take a new direction for long-term growth, moving away from products that have historically served retail consumer needs.
Pivoting to AI Infrastructure
The core reason behind shutting down the two wallets is the transition of the company’s business focus to the next stage. They are now redirecting funds and time toward developing artificial intelligence-based crypto infrastructure - often referred to as AI infrastructure - and advancing the utility of the Surf product ecosystem. This shift in direction marks a major strategic pivot within the Cyber camp, repositioning them from a consumer wallet provider to a developer of foundational infrastructure technology for the Web3 ecosystem.
The development of the Surf product and the absolute focus on artificial intelligence infrastructure demand the reallocation of all developer technical resources. Consequently, services and applications deemed no longer aligned with the project’s forward-looking vision, such as the operations of CyberWallet and Passkey Wallet, must be sacrificed and retired from the ecosystem’s circulation.
Market Record Confirmation
The shutdown of the two consumer services has also drawn attention from industry data trackers. The event calendar on the CoinMarketCap website has recorded the closing schedule on August 15 as an official milestone for the future of the Cyber network. Although the calendar entry currently labels the event status as not fully confirmed, the risk mitigation guidance for users remains unchanged.
Taking proactive action to withdraw funds is the only guaranteed security for every asset owner. Users are advised to act early and empty their wallet balances starting now, without waiting for further verification from any party. Securing assets prior to a service closure deadline is a standard crypto procedure - a basic habit that separates vigilant coin holders from those vulnerable to losing technical access control.
As reported according to the CoinMarketCap calendar.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
