Sui-native hardware wallet project Suiball announces shutdown and refunds for all preorder users

According to TechFlow, on November 11, Sui-native hardware wallet project Suiball announced on X that, following multiple recent hardware wallet security incidents in the industry, the Sui Foundation believes the risk of continuing to support hardware wallet projects is too high, so Suiball has decided to cease operations and refund all preorder users.

Suiball said its hardware product has completed development and entered production, with shipping originally planned for the first batch of supporters.

Regarding refunds, approximately 80% of on-chain preorder orders will automatically receive USDC refunds within the next week, with funds sent to the wallets holding the preorder NFTs. Credit card preorder users must provide their Sui wallet addresses via official email to receive USDC refunds.

The project team said that after refunds are completed, user-provided personal information will be permanently deleted and Suiball will be officially shut down.

Source: TechFlow