Ctrl Wallet, formerly known as XDEFI Wallet, will permanently discontinue its core services on August 3, 2026, following a recent security incident involving Cardano-related wallets. In a blog post and tweets, the company confirmed that sending, receiving, swapping, and dApp connections inside the app will cease entirely, leaving only the ability to export recovery phrases after the deadline. Users have less than a month to secure their self-custodied assets.
Customers can either transfer funds directly to another wallet or a cryptocurrency exchange before August 3, or import their 12‑ or 24‑word recovery phrases into compatible wallets such as MetaMask, Trust Wallet, and Phantom. The wallet has already been removed from mobile app stores and browser extension marketplaces, though existing installations remain functional until the cutoff. Ctrl Wallet emphasized that because assets are held via self‑custody, users retain full ownership as long as they preserve their recovery phrases.
The shutdown arrives weeks after Ctrl Wallet disclosed a security exploit that specifically targeted certain Cardano‑integrated wallets. Engineers were forced to place affected services into maintenance while investigating the vulnerability. Although the company did not explicitly link the closure to the breach, the timing underscores the growing security pressures on crypto wallet infrastructure.
Ctrl Wallet also warned against a wave of fraudulent offers appearing across social media. There is no official CTRL token, migration reward, compensation program, or airdrop for affected users. The company urged everyone to rely solely on official channels and never share recovery phrases or private keys. Having supported over 2,500 blockchain networks and serving hundreds of thousands of monthly users, the wallet’s exit marks a notable consolidation in the self‑custody space.
