Reported 11 November 2026, 10:13 (UTC+8). Foresight News reported that Suiball, a hardware-wallet project in the Sui ecosystem, announced it was shutting down and would refund all pre-order users.
What the team said had been built
The team said the device had finished development and entered manufacturing, and that the original plan was to ship to the first batch of users. The notice does not give a unit count, price, or ship date. What it does record is that those shipments were not made: the project instead said it would close and refund buyers.
That is the delivery gap in the report. A product described as developed and in manufacturing was not handed to the users who had pre-ordered it.
The reason given, and what is not shown
The same account ties the closure to industry security risk, not to a disclosed fault in Suiball’s own device. It says multiple hardware-wallet attacks had recently occurred, and that the Sui Foundation considered the risk of supporting this kind of project too high.
The notice does not name those attacks, quote a Foundation statement, or say the Foundation ordered the shutdown. Those details stay inside one short report. A foundation risk view, as described by the project’s account of events, is not the same as a published finding about Suiball itself.
How the refund was described
Refunds were to be paid in USDC.
- On-chain pre-orders were said to be about 80 percent of orders. Those refunds would be airdropped directly to wallets holding a soulbound pre-order NFT.
- Credit-card pre-order users would receive an email and would need to provide a Sui wallet address. After those addresses were collected, the team said it would run a second refund airdrop.
Suiball also said it would permanently delete personal information pre-order users had supplied, including names, email addresses, shipping addresses, and phone numbers.
The report does not state refund amounts, how many buyers were affected, or whether either airdrop had already been sent. A promised USDC refund and a completed one are different facts; only the promise appears here. Deletion of names, emails, addresses, and phone numbers is likewise a project statement, not something this notice verifies.
Original report: Foresight News, 11 November 2026, 10:13 (UTC+8)
