Press Enter to search · ESC to close

Crypto Regulation

Singapore Police Report $2.7M Losses From Tampered Ledger Wallets

Singapore police have recorded at least $2.7 million in losses tied to tampered Ledger hardware wallets, with at least two cases in a reporting window beginning Sept. 10. Ledger issued a public alert about the issue on Oct. 9. The figure covers reported losses from wallets that had been compromised through tampering.

Original source

AI take

The significance here is that the attack surface sits in the physical supply chain, not in code or on-chain contracts, which is a harder risk for self-custody users to audit and for vendors to police. The affected group is hardware-wallet holders who acquire devices through secondary or unverified channels, and the reporting lag between the first cases and Ledger's public alert is notable. Whether tampered-device reports keep surfacing, and how device-authenticity checks evolve, is the open question.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback