At least two cases involving tampered Ledger cryptocurrency hardware wallets have been reported in Singapore since 10 September 2026, resulting in losses of approximately S$3.5 million.

The Singapore Police Force (SPF) disclosed the cases in an advisory issued on 28 October, warning that some Ledger devices purchased from retail stores in Singapore contained malicious hardware components.

Preliminary investigations found that these components could capture users’ recovery phrases or private keys, allowing unauthorised parties to access their cryptocurrency wallets and transfer funds without their knowledge.

Police are in contact with Ledger, which is…