$SUI hardware wallet Suiball just got nuked before it even shipped.
They finished dev, hit manufacturing, ready to go—then Sui Foundation pulled the plug citing "security risks" after recent industry hacks.
Refunds:
→ 100% $USDC refunds for all pre-orders
→ Customer data wiped permanently post-refund
→ Operations shutting down once refunds clear
Bullish or bearish? Foundation playing it safe or killing momentum? Either way, another reminder that even backed projects can rug in plain sight when risk appetite shifts.
They finished dev, hit manufacturing, ready to go—then Sui Foundation pulled the plug citing "security risks" after recent industry hacks.
Refunds:
→ 100% $USDC refunds for all pre-orders
→ Customer data wiped permanently post-refund
→ Operations shutting down once refunds clear
Bullish or bearish? Foundation playing it safe or killing momentum? Either way, another reminder that even backed projects can rug in plain sight when risk appetite shifts.
