Singapore police said they have received at least two reports since September 10 involving tampered Ledger hardware wallets, with total losses of about 3.5 million Singapore dollars ($2.7 million). According to Cointelegraph, the reports were filed nearly a month before the incidents became widely known. In a statement issued Wednesday, the Singapore Police Force said preliminary investigations found that Ledger wallets purchased from some retail outlets in Singapore contained malicious hardware components. The incidents became public on October 9, following reports of losses involving devices sold through CryptoBilis, an authorized Ledger reseller in Indonesia, Malaysia and the Philippines. A few days later, former Mt. Gox CEO Mark Karpelès said a Ledger Flex he had purchased at Singapore airport contained a spying implant. Another Ledger user said a tampered device he bought from local IT retailer Challenger was later replaced with a new one sent by Ledger. On October 13, Ledger said it had asked retailers in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong to suspend sales of its devices while the investigation continued. Singapore police said they are in contact with Ledger, which is reviewing the affected cases, while the police investigation remains ongoing.
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Tampered Ledger Wallets Cost Singapore Users $2.7M, Police Say
Singapore police said at least two cases involving tampered Ledger hardware wallets have been reported since Sept. 10, with combined losses of about 3.5 million Singapore dollars ($2.7 million). According to Cointelegraph, the reports came almost a month before the incident became public more widely. In an advisory published Wednesday, the Singapore Police Force said preliminary investigations found malicious hardware components in Ledger wallets bought from some retail stores in Singapore. The incident surfaced publicly on Oct. 9, following reports of losses involving devices sold through CryptoBilis, an authorized Ledger reseller in Indonesia, Malaysia and the Philippines. Days later, former Mt. Gox CEO Mark Karpelès said a Ledger Flex he bought at Singapore’s airport contained a spy implant. Another Ledger user said a tampered device he purchased from local IT retailer Challenger was later replaced with a new device sent by Ledger. On Oct. 13, Ledger said it had asked retailers in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong to suspend sales of its devices while investigations continued. Singapore police said they are in contact with Ledger, which is reviewing the affected cases, as police investigations remain ongoing.