Tampered Ledger hardware wallets cause losses in Singapore
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AI-assisted source synthesis · not an independent investigation.
On October 29, 2026, Fintech News Singapore reported that the Singapore Police Force disclosed that since September 10, 2026, at least two cases involving tampered Ledger hardware wallets had occurred in Singapore, causing users losses of approximately SGD 3.5 million. The devices involved contained malicious hardware components that could steal recovery phrases or private keys, thereby enabling unauthorized parties to transfer funds from the wallets. Ledger said it was reviewing the relevant cases, and the Singapore police investigation was still ongoing. Subsequent reports contained the same information as the previous version and did not disclose any new number of cases, loss amounts, or investigation results.
AI-written from reports · updated 2 hours ago
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- Fintech News SingaporeTampered Ledger hardware wallets cause Singapore cryptocurrency users to lose S$3.5 million
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.
- Fintech News SingaporeTampered Ledger hardware wallets cause Singapore cryptocurrency users to lose S$3.5 million
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.
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