Singapore Police Warn Crypto Users After Ledger Wallet Thefts

TLDR Singapore police say victims lost about S$3.5 million in two cases involving tampered Ledger hardware wallets bought at local stores. The devices contained hidden hardware that could capture users’ recovery phrases or private keys. Ledger suspended sales in seven markets, including Singapore and Hong Kong, on October 13. Blockchain analysts estimate total losses tied to compromised wallets at more than US$86 million, a figure Ledger has not confirmed. Police urge crypto users to follow official advisories and never share their seed phrases.