Cobo Wallet, One of the Early Crypto Wallet Apps Launched by F2Pool Co-Founder, to Shut Down

Digital asset custody provider Cobo announced that its Cobo Wallet App will shut down on December 1 as part of a strategic business adjustment. Users must withdraw all assets by November 30 at 11:59 PM (UTC+8). Any remaining assets will incur a monthly management fee of 2%, with a minimum charge of $100. Accounts holding less than $100 will have their entire remaining balance deducted. The first fee will be charged on January 1, 2027, and fees will continue until all assets are withdrawn or depleted. Cobo emphasized that its other businesses will remain unaffected and continue operating normally. — link