Tampered Ledger Wallets Cost Singapore Users Millions
By Damilola Esebame
AI summary of the source article
Singapore police confirmed tampered Ledger hardware wallets caused losses of approximately 3.5 million Singapore dollars ($2.7 million). Ledger has asked retailers across Southeast Asia and Hong Kong to suspend device sales while investigations continue.
Key facts
- Tampered Ledger wallets purchased from retail stores in Singapore caused combined losses of about 3.5 million Singapore dollars ($2.7 million).
- Preliminary investigations found malicious hardware components embedded in the devices allowed attackers to access private keys and drain crypto holdings.
- Ledger asked retailers in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia, and Hong Kong to suspend device sales on October 13.
Source excerpt · FinanceFeeds
Singapore police have confirmed that tampered Ledger hardware wallets caused combined losses of about 3.5 million Singapore dollars ($2.7 million), with at least two cases reported as early as September 10. The disclosure places local reports nearly a month before the wider incident became public, according to an advisory the Singapore Police Force published on October 28. Malicious Hardware Found…