Ledger Donjon extracts Coldcard Mk3 secrets with multiple laser fault injections
Who is affected
Someone holding a Coldcard Mk3 and a laser fault-injection lab could recover its seed, as Donjon demonstrated on one of three challenge devices. Coinkite has not retrofitted the Mk3 and points to the Mk4's three-chip design.
What happened
On 3 June 2021, at the SSTIC conference in Rennes, Olivier Hériveaux of Ledger Donjon presented an attack on the Microchip ATECC608A secure memory, the chip that replaced the ATECC508A in the Coldcard Mk3 after Donjon’s earlier attack on the Mk2 (see ledger-donjon-coldcard-mk2-laser-pin-recovery-2020).
According to the paper, a double laser fault injection bypasses two security checks within a single command and reads out a protected data slot: on the Coldcard this is the PIN hash slot, which unlocks access to the seed slot. Because the Mk3 also encrypts the seed with a key held in its STM32L496 microcontroller, attacking the secure element alone is not enough; Donjon states it attacked that microcontroller as well, with a high success probability. The paper calls the attack easy to reproduce once the fault model is known.
At Hardwear.io 2023 Donjon reported applying the chain to three preconfigured wallets that Coinkite had shipped to it as a challenge and recovering the seed of one of the three; it describes chip preparation on the real device as the risky step. Donjon states the vulnerabilities were disclosed to Coinkite and Microchip with a very long period before publication.
Coinkite’s disclosure history describes the work as a specialist laboratory demonstration and states that there is no Mk3 retrofit; the later Mk4 splits the secret across three chips.
Coldcard is an air-gapped hardware wallet for Bitcoin, made by Coinkite, that stores private keys offline and signs transactions without internet exposure.
Fault injection disturbs a chip's voltage, clock or electromagnetic environment so that it skips a security check or leaks data.
Read full definitionPIN Protection is a security feature that requires a personal identification number (PIN) to access a cryptocurrency wallet or device, preventing unauthorized access.
Read full definitionA secure element is a tamper-resistant chip built to store secrets and resist physical attacks such as side-channel analysis and fault injection.
Read full definitionSources
Independent reporting and research this entry was checked against.
- SSTIC — Defeating a secure element with multiple laser fault injections, Olivier Hériveaux (3 Jun 2021)
- SSTIC 2021 proceedings — Defeating a secure element with multiple laser fault injections (paper, PDF)
- Hardwear.io — Triple exploit chain with laser fault injection on a secure element, Ledger Donjon (slides, 2023)
- Coinkite — COLDCARD security disclosure history (last updated 20 Aug 2026)
Learn more
Guides on protecting yourself against this type of incident (Hardware attack) and the glossary terms that describe it.
Can Hardware Wallets Be Hacked?
Hardware wallets are extremely secure, but not invincible. Understand the real risks and attack vectors.
Read GuideEvil Maid Attack: Protecting Unattended Hardware Wallets
Someone accesses your wallet while you are away. Hotel rooms, offices, shared spaces — how to detect and prevent physical tampering.
Read GuideProtecting Your Hardware Wallet from Physical Theft
What happens if someone steals your hardware wallet? How to set up layers of protection so theft alone cannot compromise your crypto.
Read GuideFault Injection
Fault injection disturbs a chip's voltage, clock or electromagnetic environment so that it skips a security check or leaks data.
Side-Channel Attack
A side-channel attack in cryptocurrency and blockchain targets indirect information, like power usage or timing, to extract sensitive data from a system or device.
Secure Element
A secure element is a tamper-resistant chip built to store secrets and resist physical attacks such as side-channel analysis and fault injection.
Evil Maid Attack
An evil maid attack is a physical security threat where an attacker gains temporary unsupervised access to a hardware wallet to tamper with it, install malicious firmware, or extract private keys.
Cite this entry
WalletInsights. “Ledger Donjon extracts Coldcard Mk3 secrets with multiple laser fault injections”. Hardware wallet security incident tracker. Last verified November 4, 2026. https://walletinsights.io/en/security-incidents/ledger-donjon-coldcard-mk3-laser-seed-extraction-2021/
Corrections and right of reply
Vendors, researchers and readers can send corrections or statements to security@walletinsights.io. We check them against the sources, update the entry and record the change in its log.
All Coinkite incidents
- COLDCARD firmware generated weak seeds
- COLDCARD Delta PIN mode let a private key be recovered from two signatures
- Ledger Donjon reads part of Coldcard Mk4's second secure element by double laser fault
- Coldcard registered multisig wallets without checking it was a cosigner
- Coldcard testnet mode could be used to sign a real bitcoin transaction