A Singapore police report confirms at least two cases of tampered Ledger hardware wallets since September 10, with combined losses of about SGD 3.5 million (roughly USD 2.7 million).

The incidents underscore a growing risk to Ledger devices and broader crypto security, as Singapore records notable losses and questions about how swiftly alerts were issued.

Industry leaders and regulators must balance strong security with clear compliance to restore investor confidence as crypto adoption grows.

Meanwhile, Chainalysis ties North Korean crypto cash-out networks to sanctioned activity, using Russian intermediaries and North Korean IT workers to facilitate transfers.

Singapore’s BLOOM cross-border stablecoin initiative expands to Malaysia and Thailand, aiming to streamline payments with tokenized deposits; the program is backed by the Monetary Authority of Singapore and includes partners like Airwallex, Mastercard, Ripple, Visa, and the World Bank Group.

South Korea is weighing another delay to its crypto tax policy, potentially pushing the crypto income tax to 2029 and considering information sharing with the US.

A DBS survey finds about 90% of 422 global firms are either adopting or evaluating tokenized cash to speed up payments, signaling strong corporate interest in crypto-enabled finance.

China signals a national blockchain network buildout through 2030, prioritizing standards and data use while maintaining a ban on crypto trading.

Ledger wallets, once trusted for security, are now a source of investor unease and could weaken confidence in crypto protections.

Data breaches continue to plague the sector, with several firms including Bithumb reporting exposure of personal information.

Ledger has halted sales across Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam, and Hong Kong as it investigates tampering linked to CryptoBilis; the company first issued a warning in early October.

Authorities and Ledger are reviewing the affected cases, with police urging caution and offering hotlines and reporting channels for information.