Tampered Ledger hardware wallets cause Singapore cryptocurrency users to lose S$3.5 million

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The Singapore Police Force disclosed that since 10 September 2026, at least two cases involving tampered Ledger hardware wallets have caused users losses of approximately S$3.5 million. The affected devices contained malicious hardware components that could steal recovery phrases or private keys, allowing unauthorized parties to transfer funds from the wallets. Ledger is reviewing the relevant cases, and the investigation is ongoing.