Sui native hardware wallet project Suiball announces closure, will refund all pre-order users.

Sui-native hardware wallet project Suiball is shutting down and refunding all pre-order customers after the Sui Foundation concluded that supporting a hardware wallet carried too much risk amid a string of recent industry hardware wallet security incidents. The device had already completed development and entered production, and was slated to ship to its first backers before the decision. Roughly 80% of on-chain pre-orders will receive automatic USDC refunds within the coming week, sent to the wallets holding the pre-order NFTs, while credit card buyers must email the team a Sui wallet address to collect their USDC. Suiball said it will permanently delete all personal information collected from users once refunds are complete and then close down for good. The retreat matters as a signal that security concerns are now shaping even native ecosystem hardware bets on Sui, and the next thing to watch is whether refunds reach all pre-order holders on schedule and whether another team steps in to fill the hardware wallet gap.