Less than 20 months after its initial support was launched in January 2025, the Phantom wallet app will end all integrations with the Sui network on September 24, 2026. This announcement comes without any technical or commercial explanation from the developer. The shutdown decision ends Sui’s brief history as the first Move-language-based blockchain to enter the Phantom ecosystem.
After September 24, the app’s functionality will be completely cut off. Phantom users will no longer be able to view balance information, send coins, swap tokens, or interact in any way with their assets on the Sui network through this wallet.
Fee-Free Exit
To facilitate users looking to move their assets, Phantom is temporarily waiving cross-chain swap fees. This fee-free offer applies to users who want to convert their native SUI into wrapped SUI on the Solana network. The program will run until next month’s shutdown deadline.
It is important to remember that wrapped SUI is different from native SUI coins. Wrapped SUI is a token that runs on Solana, representing the value of the original SUI through cross-chain infrastructure. This exchange option is available for those who still want to maintain the value of their assets within Phantom without having to create a wallet on another network.
What Happens If You Miss the Deadline?
For native SUI owners who do not move their coins before the deadline passes, their assets will not be lost. The cryptocurrency remains permanently and securely recorded on the Sui blockchain, even though the Phantom interface will no longer display it. The access keys remain entirely in the hands of the users.
To retrieve those coins, users simply need to use the seed phrase or private key from their Phantom app and import it into another wallet. As a migration reference, Phantom recommends users switch to Slush, the official wallet in the Sui ecosystem.
Opportunities for Migration Scammers
Service shutdowns are often exploited by cybercriminals. In anticipation of this, Phantom has issued a strong warning for users to be wary of any form of scam posing as migration assistance services.
The company emphasized that their staff will never contact users first and will absolutely never ask for a seed phrase. The security of assets during this transition period relies on individual caution. Handing over private keys to parties pretending to offer technical assistance means giving them seamless access to their own vault.
As reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
