Ctrl Wallet, the non-custodial multichain cryptocurrency wallet formerly known as XDEFI Wallet, will permanently shut down its services on August 3, 2026, following a recent security incident that affected some users.
The company said all wallet functions, including sending, receiving, swapping, and managing digital assets, will stop on that date. After the shutdown, users will only be able to access the app to export their 12-word or 24-word recovery phrases. The application will also be removed from app stores and browser extension platforms, with downloads ending immediately.
Ctrl Wallet is shutting down.
Starting 3 August 2026, sending, receiving, swapping and dApp connections within the app will no longer be available.
The one thing you’ll still be able to do is export your recovery phrase.
Here’s what you need to know. 🧵1/3
— Ctrl Wallet ✜ (@Ctrl_Wallet) July 7, 2026
Ctrl Wallet urged users to transfer their crypto assets to another wallet or exchange before the deadline to avoid disruption.
Users given until August 3 to secure their assets
The shutdown follows a security issue disclosed on June 23 involving some Cardano wallets on the platform. At the time, Ctrl Wallet placed parts of its service into temporary maintenance mode while its engineering team investigated the incident and worked to protect user funds.
With the closure now confirmed, the company advised users to either move their assets to another platform before August 3 or import their recovery phrases into another compatible wallet afterwards.
Ctrl Wallet said recovery phrases can be imported into supported wallets such as MetaMask, Trust Wallet, and Phantom, allowing users to regain access to their assets without relying on the Ctrl Wallet application.
Will there be a migration token or an airdrop?
The wallet provider said there will be no migration token, compensation token, or airdrop linked to the shutdown.
It warned users to ignore social media posts, websites, or messages claiming to offer migration rewards or special token distributions, noting that scammers often exploit major platform closures to target crypto holders.
The company urged users to rely only on its official communication channels when exporting their recovery phrases or moving funds.
How does this connect to SecondFi and Emurgo?
The announcement comes just months after Ctrl Wallet joined the Emurgo ecosystem. In April, the company said its multichain technology would continue through SecondFi, a self-custodial wallet developed by Emurgo after the rebranding of Yoroi Wallet.
However, SecondFi suffered its own security setback in June when a vulnerability allowed attackers to steal about 16 million ADA, valued at roughly $2.4 million at the time.
Following the exploit, SecondFi introduced a recovery plan for the 374 affected wallet addresses and said it secured approximately 129 million ADA through emergency measures, placing the funds with an independent third-party custodian while the verification and reimbursement process continues.
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