Suiball Ends Device Launch and Will Refund Pre-Orders in USDC
The Sui-focused hardware wallet project is closing before delivery after the Sui Foundation withdrew support over security concerns.
The Sui-focused hardware wallet project is closing before delivery after the Sui Foundation withdrew support over security concerns. USDC (USDC) is trading at ₹93.9 ($0.9994). This is an original Token Times brief based on reporting by Crypto Adventure, with live market data added, as of Wed, 11 Nov 2026 08:15:01 UTC.
Pre-order buyers will receive refunds rather than hardware devices, while the withdrawal of Foundation support raises broader questions about security standards for blockchain-specific wallets.
- Suiball will shut down before delivering its first devices
- All pre-order payments are slated for full refunds in USDC
- The Sui Foundation withdrew support citing security concerns
- USDC remains near $1 amid a broadly declining crypto market
- USDC to Launch on Samsung Wallet for U.S. Galaxy Users
- Suiball Ends Device Launch and Will Refund Pre-Orders in USDC — this brief
Suiball will cease operations before its first Sui-oriented hardware wallets reach customers, according to Crypto Adventure and Crypto.news. The project said on November 11 that every participant who placed a pre-order would have the full amount returned in 
USDC, making the closure a refund event rather than a completed hardware launch.
The shutdown follows a decision by the Sui Foundation to withdraw its support for Suiball. Crypto Adventure said the withdrawal came amid increasing security concerns surrounding hardware wallets, while Crypto.news characterized the Foundation’s position as concluding that supporting the project carried too much security risk. The supplied coverage does not identify a specific exploit, vulnerability, or disputed transaction.
Both outlets corroborate the central outcome: Suiball is ending the project and honoring pre-orders through full USDC refunds. Crypto Adventure emphasizes that the shutdown is occurring before any devices are delivered, while Crypto.news highlights the Foundation’s risk assessment as the reason for the decision. Neither report provides a dollar value for the refunds, a number of affected customers, or details about the refund timetable, and neither outlet contradicts the other on those points.
USDC is the designated settlement asset for the refunds. DeFiLlama’s live data places USDC circulating supply at $70.15B, while the market snapshot gives USDC a $69.88B market capitalization and a price of $0.999554. The stablecoin was essentially unchanged over the measured period, rising 0.01% over both 24 hours and seven days.
The wider market backdrop was cautious during the announcement. Total crypto market capitalization stood at $2.51T, the overall market was broadly lower, and 
Bitcoin fell 1.50% over 24 hours. The Fear & Greed reading was 29, placing sentiment in the Fear category. The immediate items to monitor are execution of the promised USDC refunds, whether Suiball publishes a more detailed timeline, and any further explanation from the Sui Foundation about the security concerns behind its decision.
Since this brief published about 3 hours ago, USDC (USDC) has moved from ₹93.91$0.9996 to ₹93.90$0.9994 — -0.01%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₹99 (about $0.9994), down 0.0% over 24 hours. The rupee itself trades about 5.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 11, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Suiball Ends Device Launch and Will Refund Pre-Orders in USD — questions & answers
Why is Suiball shutting down?
The Sui Foundation withdrew support after determining that supporting the project carried too much security risk. The supplied coverage does not identify a specific vulnerability or exploit.
Will Suiball hardware wallet customers receive their money back?
Yes. Both Crypto Adventure and Crypto.news report that all pre-order payments will be refunded in USDC.
Will any Suiball devices be delivered?
Crypto Adventure reports that the project is closing before its first devices reach customers, indicating that the planned hardware rollout will not proceed.
How much is 1 USDC worth in rupee today?
About ₹99 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9994. The rupee price moves with both USDC's US-dollar price and the USDT/INR rate; use our USDC in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Adventure. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.