Makes no sense, there is no other place for the code, maybe would compile in the USB connector? ๐Ÿ˜†

You can actually prove it does what it claims for reproducibly build it yourself https://github.com/coldcard/firmware

here are some folks doing just that https://bitcoinbinary.org/

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I am still doing research on this and realized I had one major false assumption - that CC runs on MCU chip with no SE. Lol, the Mk4 has 2 of those ๐Ÿ˜…

I think I assumed it as I have heard CoinKite guys saying on podcasts that everything is open-source. SEโ€™s canโ€™t be due to NDA so I assumed they have only MCU.

At least I learnt a lot today.