The Sui Foundation halted its Sui native hardware wallet project, Sui Bolt, just before the first shipment, citing security risks. U.Today, a blockchain media outlet, reported on Nov. 11 that Sui Bolt announced the shutdown on Nov. 11 and decided not to ship the product.

The Sui Foundation judged that supporting a hardware wallet project was too risky as attacks continued across the industry. The initial batch had already completed development and production and was ready to be sent to first buyers, but shipments were stopped. The move reflects concerns about attempts to reverse-engineer the wallet or plant a backdoor somewhere in the supply chain.

The decision comes against the backdrop of supply chain security problems in the hardware wallet sector. Ledger confirmed in October that its devices sold through the reseller CryptoBills contained an unauthorised electronic circuit board. Some units sold in Southeast Asia had a vulnerability that could steal the recovery phrase during the wallet setup process.

Anthropic said on Nov. 9 that its "Fable 5.2" designed 3 devices that work with only a one-paragraph prompt. Those devices went through the full process, including schematics, circuit boards and firmware, together with partner company Diode. A direct link between the shutdown of Sui Bolt and artificial intelligence was not confirmed.

Refunds will be processed depending on the payment method. About 80% of all orders were on-chain preorders, and users will receive USDC back. Refunds will be paid within a week to the wallet holding the soulbound preorder NFT, and no additional action is required.

Users who paid by credit card or debit card can also receive refunds. Sui, however, instructed them to contact it first by email for refunds. Once refunds are completed, all buyer personal information will be deleted.