Sui native hardware wallet Suiball announced its closure and will refund pre-order users

The Sui native hardware wallet project Suiball announced the termination of operations on platform X and will refund all pre-order users. Suiball stated that due to recent security incidents involving hardware wallets in the industry, the Sui Foundation believes the risks of continuing to support the hardware wallet project are too high.

Suiball indicated that its hardware products have completed development and entered the production phase, with plans to ship to the first batch of supporters. Approximately 80% of on-chain pre-order orders will automatically receive USDC refunds within the next week, with funds sent to the wallets holding the pre-order NFTs.

Credit card pre-order users need to provide their Sui wallet address via official email to receive the USDC refund. The project team stated that after the refunds are completed, they will permanently delete the personal information provided by users and officially close Suiball.