**[Cobo Wallet App Announces Service Closure on December 1, Users Must Transfer Assets in Advance]** BlockBeats News, October 16 — Cobo Wallet issued an announcement stating that its app service will officially shut down on December 1, 2026. Users must complete the transfer of all assets by 11:59 PM on November 30 and update the Cobo Wallet receiving address previously set on other platforms. The announcement warns that users who fail to transfer their assets within the specified timeframe will incur account management fees. This adjustment will directly impact users who are still using the Cobo Wallet App for asset storage and receiving payments. Affected users are advised to promptly confirm their on-chain assets, receiving addresses, and withdrawal whitelist settings on associated platforms. After the app service is closed, accounts with remaining assets will be subject to monthly account management fees. The management fee will be calculated based on the asset denomination, amounting to 2% of the remaining assets in the account, with a minimum monthly fee equivalent to $100. Users who fail to transfer their assets before the app closure will be deemed to have agreed to this fee arrangement. The announcement did not specify the reasons for the service closure, nor did it disclose whether other products or institutional operations under Cobo would be affected. [Original Link]