Will John McAfee give $250K to IT geek claiming Bifi ‘Unhackable’ Wallet, hackable?
John McAfee had recently challenged hackers to hack his “unhackable” Bitfi Wallet. But the crypto developers and enthusiasts feel it can still be hacked.
A Crypto geek recently challenged McAFee saying that there is root access, a patched firmware and can confirm to the unhackable Bitfi wallet’s dashboard. There is no security as claimed by the Bitfi, he added.
McAfee, who’s best known for his McAfee antivirus software, partnered with the hardware-based wallet company Bitfi last month. The programmer claims that the wallet is highly secure which stores users cryptocurrency encryption keys in a secured device. The wallet allows users to sync users Bitfi “wallet ID” with the device. In addition to this users need to set a secret phrase. The combination of all will keep the users’ wallet safe and secure.
Short update without going into too much detail about BitFi:
We have root access, a patched firmware and can confirm the BitFi wallet still connect happily to the dashboard.
There are NO checks in place to prevent that like claimed by BitFi.
— OverSoft (@OverSoftNL) August 1, 2018
In a tweet this week, McAfee challenged anyone to hack the Bitfi cryptowallet. And whoever succeeds will get a $100,000 “bounty” from Bitfi. In the tweet, McAfee said that the task will be impossible and called his wallet the “world’s first unhackable device.”
Recently he tweeted again, after increasing the bounty to a value of $250,00, “We are increasing the bounty for hacking the http://BitFi.com wallet to $250,000. The rules require you to empty the contents of a BitFi wallet that we have pre-loaded and have sent to you. You must pay for the wallet and its contents. Rules at http://BitFi.com/bounty”
We are increasing the bounty for hacking the https://t.co/VJ7qrOxQqL wallet to $250,000. The rules require you to empty the contents of a BitFi wallet that we have pre-loaded and have sent to you. You must pay for the wallet and its contents. Rules at https://t.co/jUUVmH77Mg
— John McAfee (@officialmcafee) July 31, 2018
John McAfee has not responded to the IT geeks tweet or has confirmed the wallet is hacked. The whole challenge appears to be a publicity stunt. To participate in the challenge, one should buy a Bitfi wallet which will be preloaded with coins. $50 has to be paid for the wallet. If the challenge is successfully cleared, John McAfee will give a bounty of $250,000 for the hacker.
Other Related Articles
- Will John McAfee give $250K to IT geek claiming Bifi ‘Unhackable’ Wallet, hackable?
- https://bcfocus.com/news/john-mcafee-crypto-ninja-scams-fees/19849/John McAfee: The crypto ninja fighting crypto scams and sky-rocketing fees
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