‘Unhackable’ Wallet Reportedly Breached, Hackers Claim to Meet Bounty Conditions

unhackable wallet reportedly breached hackers claim to meet bounty conditions

A group of researchers claims to have have hacked the Bitfi wallet, the Next Web reported August 12. Bitfi’s executive chairman, cybersecurity pioneer John McAfee, has called it “the world’s first unhackable device.” To prove his claim, McAfee challenged security experts to breach the device for a $100,000 bounty starting July 24. Bitfi is a physical device, or hardware wallet, which supports “an unlimited amount of cryptocurrencies,” and revolves around a user-generated secret phrase instead of a conventional 24-word mnemonic seed that has to be written down. Additionally, Bitfi is…

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Bounty Hunt Gone Wrong: ‘Unhackable’ Wallet Bitfi Denies It Has Been Hacked

bounty hunt gone wrong unhackable wallet bitfi denies it has been hacked

In July, cryptocurrency hardware wallet manufacturer Bitfi’s executive chairman, John McAfee, claimed that Bitfi was “the world’s first unhackable device,” urging security experts to breach its security for a $100,000 bounty. Since then, a number of reports emerged that suggested Bitfi is not, in fact, “unhackable,” only to be dismissed by the wallet service as well as McAfee himself, steadily making the bounty hunt seem like a tasteless PR stunt. What is Bitfi? Essentially, Bitfi is a physical device — or a ‘hardware’ wallet — supporting “an unlimited amount of…

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Crypto World Cup Day 16! The Final 16 Fight

crypto world cup day 18 the final 16 fight

Welcome to Crypto World Cup Day 16! We are down to the final 16 and this round gives no second chances; if you lose your match you are out.  To arrive at the final 16 required tenacity and teamwork; it was a battle of the best and brightest but only the strongest have made it through.  Today’s two games were Vitalik Buterin v Charles Hoskinson and John McAfee v Brad Garlinghouse Match 1: Vitalik Buterin 3-4 Charles Hoskinson What a game. This is the knock-out stage of the … Read The Full…

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Crypto World Cup Day 18! The Final 16 Fight

crypto world cup day 18 the final 16 fight

Welcome to Crypto World Cup Day 18! We are down to the final 16 and this round gives no second chances; if you lose your match you are out.  To arrive at the final 16 required tenacity and teamwork; it was a battle of the best and brightest but only the strongest have made it through.  Today’s two games were Vitalik Buterin v Charles Hoskinson and John McAfee v Brad Garlinghouse Match 1: Vitalik Buterin 3-4 Charles Hoskinson What a game. This is the knock-out stage of the … Read The Full…

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Crypto World Cup Day 12: Brad Garlinghouse vs. CryptoYoda

crypto world cup day 12 brad garlinghouse vs cryptoyoda

Well, that’s it, folks! Day 12 of the Crypto World Cup has concluded, and the competition is heating up.  Monday’s matches saw Brad Garlinghouse shut out CryptoYoda, putting the Ripple CEO at 9 points. We also saw David Sønstebø defeat Erik Voorhees in injury time, a cruel end to a game that favored Voorhees. Next, Tim Draper and John McAfee faced off in a mediocre game. The day ended with Tyler Winklevoss playing Zhao Changpeng. The game ended in a tie.  If you’re behind in our Crypto World Cup, you can meet all…

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Crypto World Cup Day 2: John McAfee vs. Tyler Winklevoss

crypto world cup day 2 john mcafee vs tyler winklevoss

Day 1 of the Crypto World cup has concluded, and Day 2 is officially underway! Day 2 of the Crypto World Cup has three matches and the competition is fierce. If you’ve missed it, don’t forget to meet the players for all of our upcoming matches. Today’s matches include: Match 1: Brad Garlinghouse: Uruguay vs. Eric Voorhees: Egypt Match 2: Zhao Changpeng: Morocco vs. Tim Draper: Iran Match 3: Tyler Winklevoss: Spain vs. John McAfee: Portugal Who will take home the W today? We shall soon … Read The Full Article…

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