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Sui-native hardware wallet Suiball shuts down before launch due to security concerns from Sui Foundation

Market News
11 Nov 2026, 15:48 WIB
Crypto Briefing
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Bearish
Sui-native hardware wallet Suiball shuts down before launch due to security concerns from Sui Foundation

Suiball, a hardware wallet designed specifically for the Sui blockchain, is shutting down before any units were delivered. The Sui Foundation withdrew its support citing increased security risks in the hardware wallet industry, although no specific flaws were found in Suiball itself. The project will refund all pre-orders in USDC stablecoin, with most on-chain buyers receiving automatic refunds and credit card buyers needing to submit wallet addresses. This closure highlights the ecosystem's dependence on the Sui Foundation and broader security concerns affecting hardware wallets.

The Suiball hardware wallet shutdown provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 11, 2026 20:42 WIB: out of 50 major cryptocurrencies, only 9 rose while 40 fell. EOS gained 8.13% to Rp12.649 with a typical hold time of 87 days, contrasting with UNI which dropped 7.41% to Rp117.047 despite strong buy interest (86% buy orders) and a shorter hold time of 66 days. BAT fell 5.32% to Rp2.248 but had 100% buy orders and the longest hold time of 94 days among these movers.

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