Cobo Wallet sets Dec. 1 shutdown with $100 minimum monthly fees

Cobo has announced that its consumer wallet app will close on Dec. 1, 2026, with users required to withdraw their assets before the shutdown or face monthly account management fees starting at $100. Summary Dec. 1 marks the consumer app’s closure, with withdrawals required before midnight UTC+8. Monthly fees will equal 2% of remaining assets, subject to a $100 minimum. Jan. 1, 2027, is the first scheduled deduction date, covering December’s account management fee. Cobo says the closure covers its consumer app, which stopped accepting registrations in 2021. Cobo’s shutdown notice, dated Oct. 15 and displayed on its website on Oct. 16, sets the closure for midnight UTC+8 on Dec. 1 and requires all assets to be transferred out beforehand. Cobo Wallet withdrawals must finish before Dec. 1 The company’s notice places the withdrawal deadline immediately before services close, meaning users must complete their transfers by the end of Nov. 30 in the stated UTC+8 time zone. Converted from Cobo’s published deadline, the shutdown falls at 16:00 UTC on Nov. 30. In the United States, that corresponds to 11 a.m. Eastern Standard Time and 8 a.m. Pacific Standard Time on the same day. Alongside wi...