Tampered Ledger Wallets Drain $2.7M from Singapore Crypto Users, Police Reveal

Singapore police have disclosed that at least two local victims lost a combined $2.7 million after purchasing tampered Ledger hardware wallets, with cases reported as early as September 10 — nearly a month before the broader incident gained public attention. The compromised devices, which appeared to be genuine Ledger products, were altered to steal cryptocurrency from unsuspecting users. The police statement highlights the sophisticated nature of the supply chain attack, where physical wallets were intercepted and modified before reaching buyers. This early timeline suggests that the threat may have been active longer than previously known, raising concerns about the security of hardware wallets purchased through unofficial channels. The substantial financial losses underscore the importance of buying directly from manufacturers or authorized resellers. As investigations continue, authorities urge users to verify the integrity of their devices and remain vigilant against such physical tampering schemes.