Singapore police probe tampered Ledger wallets after $3.5M in crypto losses

Singapore police reported that crypto users lost roughly S$3.5 million after buying tampered Ledger hardware wallets from local retailers. The devices contained malicious components, and an October 28 advisory says at least several victims have come forward, prompting an investigation. The case highlights supply-chain risk in self-custody hardware, a concern for traders who rely on cold storage to secure holdings.