Digital asset custodian Cobo announced that its Cobo Wallet App will be shut down on December 1 as part of a strategic business adjustment. Users must withdraw all assets by 11:59 PM UTC+8 on November 30. Any unwithdrawn assets will incur a 2% monthly management fee, with a minimum charge of $100. For accounts with balances below $100, the entire remaining balance will be deducted. The first fee will be charged on January 1, 2027, and charges will continue thereafter until all assets are withdrawn or depleted. Cobo emphasized that its other businesses will not be affected and will continue to operate normally.