A scammer reportedly lost $4.8M of stolen money after storing the funds on tampered Ledgers. Bitcoin and Ether ETFs launch trading in Thailand and South Korea blocks 27 exchanges.

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. But in a small measure of poetic justice, one of the “victims” was a scammer themselves according to Chainalysis.

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. The Ledger thieves drained all three of their funds into the same wallet.

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. “Then a ‘negative balance’ appeared, and they were told to add their own money in order to get paid,” Chainalysis reports. So it’s possible that a scammer of scammers has just got scammed. In crypto it’s sometimes turtles all the way down.

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. It has asked resellers in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong to remove Ledgers from sale.

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