Users in Singapore suffered losses totaling $2.7 million due to tampered Ledger cryptocurrency wallets, according to reports. The Singapore Police confirmed that at least two cases were identified as early as September 10, nearly a month before the broader issue became widely known.
Ledger, a well-known hardware wallet provider, has not publicly detailed the extent of the tampering, but the incident highlights growing security concerns around crypto asset storage. The Singapore Police continue to investigate the matter as more reports emerge.
For Japanese investors and traders, this serves as a reminder of the risks associated with hardware wallets and the importance of verifying device integrity, especially amid increasing crypto adoption in Japan’s digital asset markets.