Singapore Police Report Malicious Hardware in Ledger Wallets

Singapore Police revealed that Ledger wallets had malicious implants, causing $2.7 million in losses. Here's why it raises security concerns. Singapore Police announced on October 28 that some Ledger cryptocurrency hardware wallets sold at local retailers contained malicious hardware capable of stealing users’ recovery phrases and private keys. This alarming discovery has led to at least two reported cases since September, totaling losses of approximately S$3.5 million ($2.7 million). The investigation raises significant concerns about the security and integrity of hardware wallets in the market, as detailed in a tweet by WuBlockchain .