Suiball drops Sui hardware wallet plan and says it will shut down

Wallet plan cancelled

The crypto project Suiball has cancelled plans to release its own hardware wallet for the Sui ecosystem, according to a report by Bits.media published on 11 November 2026. A hardware wallet is a physical device that stores the private keys controlling crypto assets, keeping them away from an internet-connected machine.

The report said the decision was driven by fear of mass hacks of devices used to store cryptocurrency. Bits.media also reported that Suiball intends to close officially after returning funds to its customers.

The report did not say how many customers hold funds with the project, how much money is involved, or when the refunds would begin. It gave no date for the closure either.

What is not known

Bits.media's account is the only source available for the decision, and it does not carry a statement from Suiball itself or from anyone connected to the Sui network. It is not clear from the report whether the wallet had reached any users, whether the project had taken pre-orders for it, or whether the refunds have already started.

The report also does not explain what prompted the concern about hacks of storage devices, or whether that concern followed a specific incident. No timeline was given for either the refunds or the shutdown.