Sui ecosystem hardware wallet project Suiball to shut down and refund user pre-orders

Odaily reports: Sui ecosystem hardware wallet project Suiball will shut down and refund user pre-order payments. The project had developed a native hardware device for Sui; the device completed development and entered the manufacturing stage, and was originally scheduled to ship to the first batch of users. Due to multiple hardware wallet attack incidents in the industry recently, the Sui Foundation believes that supporting hardware wallet projects currently carries excessively high risk and has decided to no longer support the project.

On-chain pre-orders account for approximately 80%, and refunds will be distributed via USDC airdrop to wallets holding the soulbound pre-order NFT. Users do not need to take any action, and the process is expected to be completed within one week. Credit card pre-order users will receive an email and will need to provide a Sui wallet address, after which a second round of USDC airdrops will be conducted. Once all refunds are completed, the project will officially close.