Sui hardware wallet Suiball shuts Down after Foundation pulls support
The hardware project will refund all pre-orders in USDC after the Sui Foundation cited high risks following a series of security attacks in the crypto industry.
Key takeaways
- 1Suiball is shutting down after the Sui Foundation withdrew its backing due to industry security risks.
- 2All customers who pre-ordered the hardware wallet will be refunded in USDC.
Suiball, a hardware wallet project for the Sui blockchain, announced its closure on 11 November 2026. The project said the Sui Foundation decided to stop backing the venture because it deemed the risks of supporting a hardware wallet too high following recent security attacks in the industry.
The developers confirmed that all customers who pre-ordered the device will receive refunds. These payments will be issued in the USDC stablecoin. The closure ends the development of a dedicated physical storage device that was meant to serve the Sui network's user base.
Sui is a layer-1 blockchain platform, and hardware wallets are physical devices used to store private keys offline to prevent digital theft. The decision follows a period of heightened caution in the sector; on 3 November 2026, the Solana-based wallet Solflare went on high security alert and restricted its infrastructure access after a series of crypto attacks.
The withdrawal of support by the Sui Foundation indicates a lower tolerance for the security liabilities associated with physical hardware. Users of the Sui network will now need to look to established third-party hardware providers or software wallets for asset storage. The industry will watch whether other blockchain foundations reduce their exposure to hardware development in response to similar security threats.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.