diff --git a/pkgs/development/python-modules/ledgerwallet/default.nix b/pkgs/development/python-modules/ledgerwallet/default.nix
index 6d4687d1e08a..c13f57ffd3f0 100644
--- a/pkgs/development/python-modules/ledgerwallet/default.nix
+++ b/pkgs/development/python-modules/ledgerwallet/default.nix
@@ -1,4 +1,5 @@
-{ lib, stdenv
+{ lib
+, stdenv
 , fetchFromGitHub
 , fetchpatch
 , buildPythonPackage
@@ -6,38 +7,43 @@
 , click
 , construct
 , ecdsa
+, flit-core
 , hidapi
 , intelhex
 , pillow
-, protobuf
+, protobuf3
 , requests
+, setuptools
 , tabulate
+, toml
 , AppKit
 }:
 
 buildPythonPackage rec {
   pname = "ledgerwallet";
-  version = "0.1.2";
+  version = "0.2.4";
+  format = "pyproject";
 
   src = fetchFromGitHub {
     owner = "LedgerHQ";
     repo = "ledgerctl";
     rev = "v${version}";
-    sha256 = "0fb93h2wxm9as9rsywlgz2ng4wrlbjphn6mgbhj6nls2i86rrdxk";
+    hash = "sha256-IcStYYkKEdZxwgJKL8l2Y1BtO/Oncd4aKUAZD8umbHs=";
   };
 
-  patches = [
-    (fetchpatch {
-      # Fix removed function in construct library
-      url = "https://github.com/LedgerHQ/ledgerctl/commit/fd23d0e14721b93789071e80632e6bd9e47c1256.patch";
-      hash = "sha256-YNlENguPQW5FNFT7mqED+ghF3TJiKao4H+56Eu+j+Eo=";
-      excludes = [ "setup.py" ];
-    })
-  ];
-
-  buildInputs = lib.optionals stdenv.isDarwin [ AppKit ];
+  buildInputs = [ flit-core setuptools ] ++ lib.optionals stdenv.isDarwin [ AppKit ];
   propagatedBuildInputs = [
-    cryptography click construct ecdsa hidapi intelhex pillow protobuf requests tabulate
+    cryptography
+    click
+    construct
+    ecdsa
+    hidapi
+    intelhex
+    pillow
+    protobuf3
+    requests
+    tabulate
+    toml
   ];
 
   pythonImportsCheck = [ "ledgerwallet" ];
@@ -46,6 +52,6 @@ buildPythonPackage rec {
     homepage = "https://github.com/LedgerHQ/ledgerctl";
     description = "A library to control Ledger devices";
     license = licenses.mit;
-    maintainers = with maintainers; [ d-xo ];
+    maintainers = with maintainers; [ d-xo erdnaxe ];
   };
 }