Overview
- Phantom announced on August 24, 2026 that it will stop supporting the Sui network on September 24, 2026 and will remove Sui balances, swaps, transactions and dApp connections from the wallet interface.
- Phantom says users will not lose assets because SUI and tokens remain recorded on the Sui blockchain and are controlled by each wallet’s recovery phrase or private key.
- The company is offering two main migration paths: swap native SUI into supported tokens or wrapped SUI on Solana inside Phantom with Phantom waiving its own swap fee through Sept. 24, or import the Phantom recovery phrase into a Sui‑compatible wallet such as Slush to keep native SUI.
- Phantom warned users about migration scams and phishing attacks, emphasizing it will never contact users first or request recovery phrases and advising users to download replacement wallets only from official sources.
- The decision reverses part of Phantom’s 2024–25 multichain expansion and, together with reports that Monad support was also removed, suggests a broader pruning of networks that will change how many users manage cross‑chain assets.