According to ChainCatcher, Sui-native hardware wallet project Suiball announced on X that it will cease operations and refund all pre-order customers. Suiball said the Sui Foundation considered continued support for hardware wallet projects too risky following several recent security incidents in the industry. The product had completed development and entered production, with shipment to early supporters originally planned. About 80% of on-chain pre-orders will be automatically refunded in USDC within the next week to wallets holding the pre-order NFTs. Credit card customers must provide a Sui wallet address through an official email to receive their refunds. Suiball said it will permanently delete users’ personal information after refunds are completed and then close the project.