Tampered Ledger Wallets in Singapore Cause S$3.5 Million in Losses
At least two cases, with losses of about S$3.5 million, have been reported involving tampered Ledger hardware wallets sold at a Singapore retail store. Investigators found that malicious hardware inserted into the devices collected recovery phrases, enabling unauthorised withdrawals of crypto assets. Singapore police are working with Ledger to investigate how the tampered devices were distributed.
Key facts
- Affected organisation
- Being confirmed
- Incident type
- Hacking & intrusion
- Occurred / detected
- Not confirmed
- Scale of damage
- At least 2 cases, about S$3.5 million
- Cause / method
- Malicious hardware in tampered wallets collected recovery phrases, enabling unauthorised crypto withdrawals
- Location
- Singapore
If your data was exposed
Exposed dataCrypto assets
- Check login and withdrawal history in your exchange app, and turn on withdrawal address whitelisting and withdrawal delays.
Timeline
- Singapore police disclosed at least two cases involving tampered Ledger wallets and losses of about S$3.5 million, and investigated with Ledger how the devices were distributed.
3 related reports
The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organisation’s official statements for accurate details.