Ctrl Wallet deprecation: no exact cutoff time, users race to migrate

The wallet supports more than 2,500 blockchains, including Bitcoin and Ethereum. Ownership stays on-chain. The recovery phrase is the key that can reopen the same accounts in another wallet.

The check comes after import. Phantom's support documentation warns that unsupported derivation paths can prevent expected accounts from appearing even when the phrase is valid. Users should confirm the expected accounts and balances before relying on the new wallet.

Ctrl warns that no official migration token or compensation airdrop exists. Any offer built around one of those promises is a scam. The recovery phrase is the bait. Enter it only inside the setup flow of the compatible wallet. A caller or a promotional site that gets those words gets control of the linked accounts.

Ctrl markets the wallet as trusted by more than 600,000 people. A verified tally of active or affected users is unavailable.

After Aug. 3, phrase export is all the app is expected to provide, for however long that installed copy still opens. Completing the migration on Aug. 2 avoids betting account access on an app with no guaranteed lifespan.