Tampered hardware wallet bought in a store: your rights as a buyer under German law

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.On October 28, Singapore police found malicious hardware components in hardware wallets sold in stores, with losses of around 3.5 million Singapore dollars. What German sales law gives you against the retailer, and why it does not replace the lost coins.Add as a preferred source on GoogleFollow on Google NewsIf your hardware wallet contains foreign components, German law gives you two years of warranty rights against the retailer you bought it from: a new device, a refund of the purchase price or a price reduction. What you will almost never get is compensation for the coins that were drained through the device. That difference determines what a trip back to the store will get you, and since Wednesday it has become relevant for more buyers than before. Singapore police have, for the first time, officially recorded what until now only the manufacturer and some media outlets had described: hardware wallets sold in stores contained malicious hardware components. Our article on the ...