Singapore Reports $3.5 Million in Losses From Tampered Ledger Crypto Wallets
Crypto customers in Singapore have reportedly misplaced about $3.5 million after utilizing tampered Ledger {hardware} wallets.
The Singapore Police Force (SPF) stated not less than two circumstances have been reported since September 10, 2026.
Wallet Tampering
Preliminary investigations found that some Ledger wallets purchased from retail shops in Singapore contained malicious {hardware} parts. These parts might steal customers’ restoration phrases or personal keys. With this data, attackers might entry the wallets and transfer crypto belongings with out the homeowners’ information or approval.
The police stated they’re working with the French crypto pockets producer, which is reviewing the reported circumstances. Investigations are nonetheless underway.
The SPF has urged crypto holders to take precautions, particularly if they think their {hardware} wallets have been compromised. Users ought to cease getting into restoration phrases on suspicious gadgets and keep away from making additional transactions by way of them. Instead, they need to contact their pockets supplier by way of official assist channels. Anyone who believes their restoration phrase or personal key has been uncovered ought to take into account shifting their remaining funds to a brand new, trusted pockets. This must be arrange on a secure machine with a newly generated restoration phrase.
The police additionally warned customers in opposition to sharing personal keys or restoration phrases with anybody. This contains individuals claiming to work for pockets suppliers, crypto exchanges, or regulation enforcement companies.
CryptoBilis Investigation
The Singapore circumstances come amid an earlier investigation into tampered Ledger {hardware} wallets distributed by way of CryptoBilis, a reseller working in Southeast Asia.
Earlier this month, the corporate confirmed discovering an unauthorized {hardware} implant inside a pockets belonging to an affected buyer. The discovery adopted experiences of greater than $80 million in suspected crypto losses involving gadgets offered by way of the reseller in Indonesia, Malaysia and the Philippines. The losses had been later estimated to be round $102 million throughout 335 wallets on 5 blockchains by blockchain analytics agency Bitquery
Ledger stated it had contacted affected customers and was working with authorities. It additionally requested CryptoBilis to cease promoting its total {hardware} pockets stock whereas the investigation continued. The firm stated it had discovered no proof that its personal techniques, providers or safety infrastructure had been compromised.
Concerns additionally emerged over a Ledger machine allegedly bought from MediaMarkt in Europe. A person on X claimed the machine confirmed indicators of attainable tampering. However, the declare remained unverified, and customers have disagreed over what the photographs truly present.
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