Singapore reports $3.5 million in losses from fake Ledger crypto wallets Crypto users in Singapore have lost around $3.5 million due to tampering with Ledger hardware wallets, with at least two cases reported since September 10, 2026. Investigations revealed that some wallets contained malicious components capable of stealing recovery phrases and private keys, allowing unauthorized access to users' crypto assets. The Singapore Police Force is working with Ledger to address the issue, urging users to avoid suspicious devices and secure their funds by transferring them to trusted wallets.

Singapore reports $3.5 million in losses from fake Ledger crypto wallets Crypto users in Singapore have lost around $3.5 million due to tampering with Ledger hardware wallets, with at least two cases reported since September 10, 2026. Investigations revealed that some wallets contained malicious components capable of stealing recovery phrases and private keys, allowing unauthorized access to users' crypto assets. The Singapore Police Force is working with Ledger to address the issue, urging users to avoid suspicious devices and secure their funds by transferring them to trusted wallets.