SUI Token Daily Brief: November 11, 2026 News and Updates
In the past 24 hours, the cryptocurrency market has been paying attention to the latest developments of the Sui ecosystem hardware wallet project, Suiball. The project announced that it will cease operations and plans to return all pre-order funds to users in the form of USDC. This news suggests that Suiball may have encountered insurmountable challenges in the hardware wallet sector, prompting the project team to take this measure to protect user funds.
SUI Token News Summary on November 11, 2026
- [11:32 AM, November 11] Suiball, the Sui hardware wallet, announced it will cease operations and return all pre-order funds in USDC (Odaily星球日报)
According to Odaily星球日报, Suiball, the Sui hardware wallet, announced it will cease operations and return all pre-order funds in USDC. Suiball stated that the Sui Foundation decided not to support the project after a series of hardware wallet attacks, citing high project risks.
- [02:02 AM, November 11] Sui ecosystem hardware wallet project Suiball will shut down and return user pre-order funds (Odaily星球日报)
Odaily星球日报 reported that the Sui ecosystem hardware wallet project Suiball will shut down and return user pre-order funds. Suiball had developed a native hardware device for Sui, which was in the manufacturing stage. The project was originally planned to ship to the first batch of users. Due to recent hardware wallet attacks in the industry, the Sui Foundation deemed the risk of supporting hardware wallet projects too high and decided not to support the project. Approximately 80% of pre-order orders were completed on-chain, and users holding soul-bound pre-order NFTs will automatically receive USDC refunds within a week. Credit card pre-order users will need to provide Suiball with additional information.
- [01:52 AM, November 11] Sui ecosystem hardware wallet project Suiball announces closure and refunds to pre-order users (吴说)
According to Wu说, the Sui ecosystem hardware wallet project Suiball announced it will shut down and refund all pre-order users. Suiball stated that its hardware device was completed and in the manufacturing stage, originally planned for shipment to the first batch of users. Due to recent hardware wallet attacks in the industry, the Sui Foundation deemed the risk of continuing to support hardware wallet projects too high and decided not to support the project. Approximately 80% of pre-order orders were completed on-chain, and users will automatically receive USDC refunds within a week. Credit card pre-order users will need to provide Suiball with additional information.