Can hackers obtain the private key from the secure element chipset?

Modified on Thu, 01 Dec 2022 at 12:15 AM

Security is a top concern for any company or person involved in crypto, and CoolBitX, the maker of the CoolWallet, is no different.

In the last 3 years, the CoolWallet was analyzed and tested by two independent hacker teams who performed intrusion testing and side-channel attacks. They could not breach our hardware wallet’s security and there is currently still no known way to capture the private key.

For supply-chain attacks, where hackers physically tamper with the hardware wallet as seen in competitor products: We chose a card form factor for the CoolWallet as its wafer-thin slimline design would make it virtually impossible to tamper with. In addition, our cards are assembled using a patented "Cold Compression" process.

If a hacker tries to disassemble the card, it cannot be restored to its original state. Any tampering will be immediately noticeable.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article