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Singapore police cite $2.7M in losses from tampered Ledger wallets

At least two cases have been reported since Sept. 10, with police saying tampered hardware components were found in Ledger devices bought from some local retail stores.
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Singapore police cite $2.7M in losses from tampered Ledger wallets

Singapore police said at least two cases involving tampered Ledger hardware wallets have been reported since Sept. 10, with combined losses of about 3.5 million Singapore dollars ($2.7 million).

In an advisory published Wednesday, the Singapore Police Force said preliminary investigations found malicious hardware components in Ledger wallets purchased from some retail stores in Singapore. The disclosure adds a local loss figure and an earlier reporting date to an incident that became public on Oct. 9.

The Sept. 10 reports came nearly a month before the wider incident surfaced publicly following reports of losses involving devices sold through CryptoBilis, an authorized Ledger reseller in Indonesia, Malaysia and the Philippines.

Earlier reports and wider incident

Days after the incident became public, former Mt. Gox CEO Mark Karpelès said a Ledger Flex purchased at Singapore's airport contained a spy implant.

Another Ledger user claimed to have a tampered device bought from local IT retailer Challenger. The user said he was later sent a new device from Ledger.

Retailer suspension and investigation

On Oct. 13, Ledger said it had asked retailers in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong to suspend sales of Ledger devices as investigations are ongoing.

Singapore police said they are in contact with Ledger, which is reviewing the affected cases, while police investigations are ongoing.

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