Singapore Police Link S$3.5 Million in Losses to Ledger Wallets Bought From Local Stores
By Unchained
AI summary of the source article
The Singapore Police Force reported that malicious hardware components found in Ledger wallets bought from local stores led to about S$3.5 million in losses. The components can capture private keys or recovery phrases, allowing outsiders to transfer funds.
Key facts
- Singapore police reported at least two cases since Sept. 10 with total losses of approximately S$3.5 million.
- The malicious components inside the devices can capture recovery phrases or private keys to move funds without owners knowing.
- Ledger previously identified an added part in a device from reseller CryptoBilis that decoded recovery phrases and transmitted them over LTE.
Source excerpt · Unchained
Preliminary findings point to malicious hardware inside Ledger devices sold at some Singapore retailers, and police say Ledger is reviewing the cases. The post Singapore Police Link S$3.5 Million in Losses to Ledger Wallets Bought From Local Stores appeared first on Unchained .