Suiball announces its shutdown and refunds in USDC, stating that the Sui Foundation no longer supports the project

AT A GLANCE

According to reports, the Sui hardware wallet Suiball has announced it is ceasing operations and plans to refund all pre-order payments in USDC.

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Sui hardware wallet Suiball announces shutdown, will refund all pre-orders in USDC

BlockBeats news, November 11, Sui hardware wallet Suiball announced its shutdown and will refund all pre-orders in USDC.

Suiball stated that the Sui Foundation decided not to support the project following a wave of hardware wallet attacks, citing excessive project risk. (Cointelegraph)

Original link https://m.theblockbeats.info/flash/376723

Key points

BlockBeats reported on November 11 that the Sui hardware wallet Suiball announced it is ceasing operations and will refund all pre-orders in USDC.
Suiball stated that the Sui Foundation decided not to support the project following a wave of hardware wallet attacks, citing excessive project risk.
The report identifies Cointelegraph as the source of the information.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This message contains two parts: a shutdown announcement and a refund commitment. Suiball is ceasing operations and states that it will refund pre-order payments in USDC. A refund commitment does not mean refunds have been completed; the foundation's lack of support for the project and its reasoning are merely reported as Suiball's claims.

Why it matters to readers

For users who pre-ordered, the key points are how refunds will be arranged, when they will be received, and whether they will ultimately be fully refunded.

It is necessary to distinguish between the shutdown of the Suiball project and the situation of Sui itself, and the hardware wallet attack incident mentioned in the text should not be understood as Suiball having already been attacked; the original text does not make these statements.

Risks and unknowns

The original text did not provide the refund time, process, amount calculation method, or actual completion status.
The claim that Sui Foundation does not support the project and the reasons for it come from Suiball; the original text does not provide direct confirmation from the foundation.
The original text does not specify the exact target of the hardware wallet attack incident, nor does it confirm whether Suiball was attacked.

Suiball announces its shutdown and refunds in USDC, stating that the Sui Foundation no longer supports the project

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