Singapore Reports $3.5 Million in Losses From Tampered Ledger Crypto Wallets

Crypto users in Singapore have reportedly lost about $3.5 million after using tampered Ledger hardware wallets. The Singapore Police Force (SPF) said at least two cases have been reported since September 10, 2026. Wallet Tampering Preliminary investigations found that some Ledger wallets bought from retail stores in Singapore contained malicious hardware components. These components could steal users’ recovery phrases or private keys. With this information, attackers could access the wallets and move crypto assets without the owners’ knowledge or approval. The police said they are working with the French crypto wallet manufacturer, which is reviewing the reported cases. Investigations are still underway. The SPF has urged crypto holders to take precautions, especially if they suspect their hardware wallets have been compromised.

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