Crypto customers in Singapore have reportedly misplaced about $3.5 million after utilizing tampered Ledger {hardware} wallets.
The Singapore Police Drive (SPF) mentioned at the very least two circumstances have been reported since September 10, 2026.
Pockets Tampering
Preliminary investigations discovered that some Ledger wallets purchased from retail shops in Singapore contained malicious {hardware} elements. These elements might steal customers’ restoration phrases or personal keys. With this info, attackers might entry the wallets and transfer crypto property with out the homeowners’ data or approval.
The police mentioned 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 believe their {hardware} wallets have been compromised. Customers ought to cease coming into restoration phrases on suspicious gadgets and keep away from making additional transactions via them. As a substitute, they need to contact their pockets supplier via official help channels. Anybody who believes their restoration phrase or personal key has been uncovered ought to contemplate transferring their remaining funds to a brand new, trusted pockets. This needs to be arrange on a secure system with a newly generated restoration phrase.
The police additionally warned customers towards sharing personal keys or restoration phrases with anybody. This contains folks claiming to work for pockets suppliers, crypto exchanges, or legislation enforcement companies.
CryptoBilis Investigation
The Singapore circumstances come amid an earlier investigation into tampered Ledger {hardware} wallets distributed via 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 invention adopted studies of greater than $80 million in suspected crypto losses involving gadgets bought via the reseller in Indonesia, Malaysia and the Philippines. The losses have been later estimated to be round $102 million throughout 335 wallets on 5 blockchains by blockchain analytics agency Bitquery
Ledger mentioned it had contacted affected customers and was working with authorities. It additionally requested CryptoBilis to cease promoting its complete {hardware} pockets stock whereas the investigation continued. The corporate mentioned it had discovered no proof that its personal methods, providers or safety infrastructure had been compromised.
Issues additionally emerged over a Ledger system allegedly bought from MediaMarkt in Europe. A person on X claimed the system confirmed indicators of doable tampering. Nevertheless, the declare remained unverified, and customers have disagreed over what the photographs truly present.
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