- Phoenix Wallet has announced that it will terminate its operations to U.S. customers.
- On May 3, Phoenix Wallet will be removed from U.S. app stores.
- The Wallet’s operator advised users to empty their wallets immediately.
Phoenix Wallet, a Bitcoin wallet created by the Bitcoin technology company ACINQ, has announced that it will terminate its operations to U.S. customers. In a recent post on X, the wallet operator noted that on May 3, it will remove Phoenix Wallet from U.S. app stores.
On May 3rd, 2024, @PhoenixWallet will be removed from US app stores.Users from the US should empty their wallet:
– Settings > Close channels (Android)
– Settings > Drain wallet (iOS)
We highly recommend *not force-closing* channels, as on-chain fees could be significant.
— Phoenix Wallet (@PhoenixWallet) April 26, 2024
Following the announcement, the wallet provider advised users in the U.S. to empty their wallets, highlighting the steps to follow. The wallet operator also warned users not to “force close” their wallets under any given circumstances. According to them, doing so could incur significant on-chain fees.
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