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

TechFlow reports that on November 11, Sui-native hardware wallet project Suiball announced on X that, in light of several recent hardware wallet security incidents within the industry, the Sui Foundation deemed the risk of continuing to support hardware wallet projects to be too high. As a result, Suiball will cease operations and issue refunds to all pre-order customers.Suiball noted that its hardware products have completed development and entered the production phase, with initial plans to ship to early backers.Regarding refunds, approximately 80% of on-chain pre-order transactions will automatically receive USDC refunds within the next week, with funds sent directly to wallets holding the pre-order NFTs. Credit card pre-order users will need to provide their Sui wallet addresses via official email before receiving their USDC refunds.The project team stated that upon completion of the refunds, all user-submitted personal information will be permanently deleted, and Suiball will offi