Singapore police warn over tampered Ledger wallets

The Singapore Police Force has warned cryptocurrency users about tampered Ledger hardware wallets linked to approximately S$3.5 million in losses.

Police reported at least two cases since 10 September 2026 involving devices purchased from retail stores in Singapore.

Preliminary investigations found that affected wallets contained malicious hardware components capable of capturing recovery phrases or private keys.

These compromised credentials could allow unauthorised parties to access victims’ wallets and transfer cryptocurrency without their knowledge.

The police said they were in contact with Ledger, which was reviewing the affected cases as investigations continued.

Users should avoid entering recovery phrases or conducting further transactions on suspected devices and contact their wallet provider through official support channels.

Anyone who suspects their recovery phrase or private key has been compromised should consider moving remaining assets to a trusted wallet using an uncompromised device.

The advisory highlights the risk of hardware tampering, showing that offline storage does not eliminate threats from compromised physical devices.