SUI hardware wallet project Suiball to shut down, refund preorders in USDC

Suiball, a SUI-based hardware wallet project, will shut down and refund preorder customers in USDC, according to its official X account. Explaining the closure, Suiball said a series of recent security incidents in the crypto hardware wallet industry led the Sui Foundation to conclude the risks tied to supporting a hardware wallet project were excessive. Suiball added that, after years of development and progress through product manufacturing, it ultimately decided to end the project.