Hacking News
Singapore Reports $3.5 Million in Losses
Crypto users in Singapore have lost approximately $3.5 million due to tampered Ledger hardware wallets. Investigations revealed that some wallets contained malicious components capable of stealing recovery phrases and private keys, allowing unauthorized access to users' crypto assets. The Singapore Police Force is collaborating with Ledger to address the issue, urging users to avoid suspicious devices and to secure their funds by moving them to trusted wallets.