Singapore users lose about $3.5 million to tampered Ledger hardware wallets
- —Losses in Singapore estimated at about $3.5 million
- —Compromised devices were Ledger hardware wallets with modified firmware
- —Attackers used access to seed phrases to drain funds
Why it matters: Tampered hardware wallets undermine trust in self-custody and highlight the need to verify devices at purchase.
Source: Google News (crypto query)