MediaMarkt pulls all Ledger cryptowallets from its shops
MediaMarkt is taking every Ledger cryptowallet off its shelves after about $100m in cryptocurrency was stolen using manipulated devices.
MediaMarkt is removing all cryptowallets made by the French brand Ledger from its shops.
The electronics chain took the step after the theft of about $100m in cryptocurrency using manipulated Ledger devices.
MediaMarkt
MediaMarkt is a large European chain of consumer electronics and household appliance stores, part of the Ceconomy group and headquartered in Germany. It has physical stores across the Netherlands and other European countries, selling products such as phones, computers, televisions and small appliances. Dutch shoppers know it as one of the main places to buy electronics in person and online.
Ledger
Ledger is a French company that makes hardware cryptowallets, which are small physical devices that store the private keys needed to access cryptocurrencies offline. Its best-known products are the Ledger Nano devices, which connect to a computer or phone to approve transactions. The company's wallets are sold through retailers and online shops as well as directly.
cryptowallet
A cryptowallet is a device or app that stores the private keys needed to access and transfer cryptocurrencies such as bitcoin. A hardware cryptowallet is a small physical device, sold in electronics shops, that keeps these keys offline. Owners use it to send and receive crypto and to prove ownership of their funds.