Singapore Police Tie S$3.5M in Losses to Tampered Ledger Wallets

The significance here is the channel, not the technology: losses are tied to devices bought through local retailers, which undermines the assumption that purchasing hardware in person avoids supply-chain risk. This affects self-custody holders who rely on retail-sourced devices and the retailers themselves, whose sourcing practices now sit under scrutiny. Police describe the findings as preliminary and Ledger is reviewing the cases, so the open questions are how the tampering occurred before sale and whether the retail route is confirmed as the point of compromise.