Bitfi struck the ridiculous unhackable claim from its crypto wallet, while Bitfi backer John McAfee taunts hacker with offer of $20 million for hack.
I’m so surprised the unhackable Bitfi wallet was hacked — said no one ever. While this was not even the first time the $120 hardware wallet was hacked, it was enough for Bitfi to strike the “unhackable” claim from its website.
Bitfi wallet backer and big mouthpiece John McAfee, however, still claims the cryptocurrency wallet is unhackable and went so far as to offer $20 million to one particular hacker if he can hack McAfee’s wallet.
BitFi offered $100,000 to anyone who could take the coins from its factory wallet. Hackers complained it was too little, and why should they have to buy the wallet. It increased to $250,000. No takers. I’m now offering $20 mil to one fraudulent hacker – @cybergibbons He refused.
— John McAfee (@officialmcafee) September 1, 2018
A month ago, McAfee upped the bounty for hacking the “unhackable” wallet from $100,000 to $250,000. That bounty, which many in the security community deemed a sham, specified that a hack counted only if someone got the coins off the “cut-down Android phone” wallet. Bitfi refused to pay researchers who did hack the device, claiming the attacks didn’t meet the bounty conditions. It wasn’t horribly surprising that Bitfit won the PwnieAward for “Lamest Vendor Response.”