Singapore police flag $3.5 M loss from tampered Ledger hardware wallets.
The Singapore Police Force reported at least two cases since September 10 2026, amounting to about $3.5 million, after Ledger wallets bought from retail stores contained malicious hardware components that could steal recovery phrases or private keys and allow access to crypto assets.
Authorities are working with Ledger and have urged users to stop entering recovery phrases on suspicious devices, avoid further transactions, and contact the provider through official support channels.
Anyone who believes their recovery phrase or private key has been exposed should move remaining funds to a new, trusted wallet set up on a safe device with a newly generated recovery phrase.
The police also warned against sharing private keys or recovery phrases with anyone.
Earlier this month, reseller CryptoBilis confirmed an unauthorized hardware implant in a wallet and reported suspected losses of more than $80 million, later estimated at $102 million across 335 wallets on five blockchains.
Ledger has asked CryptoBilis to halt sales of its inventory while investigations continue and said its own systems show no evidence of compromise.
What concrete steps should crypto users adopt to verify hardware wallet integrity before trusting their assets?
#Crypto #FinTech #CyberSecurity #Ledger #HardwareWallet
The Singapore Police Force reported at least two cases since September 10 2026, amounting to about $3.5 million, after Ledger wallets bought from retail stores contained malicious hardware components that could steal recovery phrases or private keys and allow access to crypto assets.
Authorities are working with Ledger and have urged users to stop entering recovery phrases on suspicious devices, avoid further transactions, and contact the provider through official support channels.
Anyone who believes their recovery phrase or private key has been exposed should move remaining funds to a new, trusted wallet set up on a safe device with a newly generated recovery phrase.
The police also warned against sharing private keys or recovery phrases with anyone.
Earlier this month, reseller CryptoBilis confirmed an unauthorized hardware implant in a wallet and reported suspected losses of more than $80 million, later estimated at $102 million across 335 wallets on five blockchains.
Ledger has asked CryptoBilis to halt sales of its inventory while investigations continue and said its own systems show no evidence of compromise.
What concrete steps should crypto users adopt to verify hardware wallet integrity before trusting their assets?
#Crypto #FinTech #CyberSecurity #Ledger #HardwareWallet
