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Scammer drops $4.8 million stored on tampered Ledgers: Asia Express
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A scammer reportedly lost $4.8M of stolen money after storing the funds on tampered Ledgers.
Key facts
- Revolut has announced it will open a new Singapore office, invest S$350 million (US$273M) over the next five years, and expand its local workforce from 170 to 300
- Ledger was forced to suspend its reseller network across South East Asia this week, after thieves stole more than $103.4 million from 530 addresses via tampered Ledgers inserted into the supply chain
- Pando Finance’s Solana ETF has launched in Hong Kong’s HKEX under the ticker 2831.hk
- The blockchain monitoring firm reports that the scammer lost 60 Bitcoin, worth about $4.8 million, from three newly purchased Ledgers containing spyware that records seed phrases
Summary
Ledger was forced to suspend its reseller network across South East Asia this week, after thieves stole more than $103.4 million from 530 addresses via tampered Ledgers inserted into the supply chain. The blockchain monitoring firm reports that the scammer lost 60 Bitcoin, worth about $4.8 million, from three newly purchased Ledgers containing spyware that records seed phrases. In a further irony, the scammer had operated a “task scam” where people were paid to fake sales and reviews of real items. So depending on how much they knew, their victims in turn may not have been entirely honest either. Despite reports of tampered Ledgers showing up in Europe forcing electronics retailer MediaMarkt to suspend sales, Ledger insists that all of the confirmed thefts to date are from Asia.