Cryptocurrency has always been both exciting and risky—an asset full of promise, but not without stress. When a wallet shuts down, users often panic, fearing their money is gone. In reality, your funds remain safe on the blockchain. The wallet is just the access point, and there are ways to get back in—even years later.
Why you shouldn’t stress when a wallet shuts down
Wallets are gateways, not storage. Your actual coins live on the blockchain. This means that as long as you still have your keys—seed phrases, private keys, or backup files—you can access your crypto using another compatible wallet. Importing recovery credentials into a modern wallet is often all it takes to get back in.
Major wallets that shut down—and why
Every few years, wallets disappear. Some close due to outdated technology, others because of company shutdowns, regulations, or security issues.
- MultiBit Wallet: Retired in 2017, MultiBit was once a revolutionary Bitcoin desktop wallet. But its outdated code and weak security forced it into retirement. Developers offered no clear migration path, leaving about 1.5 million users to move their funds on their own.
- Jaxx (Jaxx Liberty): Jaxx Liberty was officially retired on March 27, 2023. Developers cited technical issues and a shift toward new projects. Clear instructions were provided to migrate funds to Edge or Exodus Wallet—both BIP39-compatible.
- BreadWallet (BRD Wallet): Between 2021–2022, BRD Wallet was sunsetted in favor of Coinbase Wallet. With around 5 million users worldwide, its acquisition by Coinbase seemed promising. But soon Coinbase halted development, and users were guided to migrate funds with clear recovery steps.
What to do if your wallet shuts down
Don’t panic—developers usually give users time to move funds. For example, Jaxx Liberty gave around 20 days’ notice. Even if you missed the migration, you can still recover by importing your recovery details into another wallet.
And if you get stuck, recovery experts can help. “It’s still possible to access old wallets—even years later,” says Robbert Bink, founder of Crypto Recovers. All you need are your recovery credentials: seed phrase, backup file, and any related passwords.
What can go wrong with deprecated wallet recovery
Recovery success depends on what details you still have. Lost seed phrases, misplaced backup files, or forgotten passwords can make things difficult. Another risk is scammers: never try to import old data into unofficial apps, since abandoned wallets are often targeted by phishing or malware.
But even if you face corrupted wallet files, invalid seed phrases, or lost passwords, there’s still hope. Professional crypto recovery services often have specialized tools to handle such cases.
Crypto Recovers: Wallet locksmiths for the digital age
Based in the Netherlands, Crypto Recovers has been helping clients since 2019. Their Dutch company is called Cryptoherstel. They call themselves “crypto wallet locksmiths,” with experience in password recovery, repairing invalid seed phrases, and salvaging corrupted files.
Founder Robbert Bink says requests for MultiBit, BRD Wallet, and Jaxx Liberty wallet recovery remain frequent—even years after those wallets retired. Demand spikes especially when crypto prices rise, which isn’t surprising given the millions of users these wallets once had.
Recovery chances depend on the quality of information you can provide. Password hints, backup files, and fragments of seed phrases all help. That’s why experts advise starting with a thorough search of your old devices and storage.
Conclusion
Wallets may be retired, but your crypto isn’t. As long as you hold recovery credentials, you can bring your funds back by importing them into a compatible wallet. And if you run into roadblocks, don’t give up—specialized recovery experts like Crypto Recovers have the tools and experience to help you unlock access to your assets.
About Crypto Recovers
Based in the Netherlands, Crypto Recovers is a leading service provider specializing in the recovery of inaccessible or lost cryptocurrency wallets. For over five years, we have served as a trusted ally to digital asset owners, offering solutions for forgotten passphrases, missing recovery words, outdated wallet formats, and more. Our mission revolves around restoring access to digital wallets for everyone, where possible, and our track record speaks volumes. With a focus on integrity and customer satisfaction, we have successfully assisted numerous clients in reclaiming their digital currencies. For more information about our services and to discover how we can assist you, visit cryptorecovers.com.
Media Contact
Robbert Bink
Crypto Recovers
robbert@cryptorecovers.com
