[Sui's Native Hardware Wallet Project, Suiball, Ceases Operations and Will Refund Pre-order Users] On November 11th, Suiball, Sui's native hardware wallet project, announced the cessation of operations and will refund all pre-order users. Due to recent security incidents involving hardware wallets in the industry, the Sui Foundation deemed continued support for the project too risky.
The Suiball hardware product has completed development and entered the production stage. Approximately 80% of on-chain pre-orders will automatically receive USDC refunds within the next week, with funds sent to wallets holding the pre-ordered NFTs. Credit card pre-order users need to provide their Sui wallet address via official email to receive their USDC refunds. After refunds are completed, the project team will delete user information and shut down Suiball.
