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Tampered Ledger Hardware Wallets Cost Singapore Users $2.7 Million, Police Report

(2 hours ago) · 1 source · Summarized by CryptoBipto

Singapore police have reported that users lost a combined $2.7 million after using tampered Ledger hardware wallets. The compromised devices were apparently modified before reaching consumers, allowing attackers to steal cryptocurrency stored on them.

WHY IT MATTERS

A hardware wallet is a small physical device, similar to a USB drive, that stores the secret codes (called private keys) needed to access your cryptocurrency.

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SOURCES

  • cointelegraph.com

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