John McAfee’s “Unhackable” Bitcoin Wallet Was Hacked

August 7, 2018

Last week John McAfee defied hackers by claiming that his Bitcoin wallet Bitfi, created recently, was absolutely unhackable. But it took less than a week for security researchers to hack it.

Dutch security expert known as “OverSoft” asserted to have root access to the John McAfee’s impervious wallet.

“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[s] happily to the dashboard.”

BitFi developers did not give immediate response but their tweet that came later seems to report on some security breach. Still BitFi hasn’t confirmed that OverSoft or anyone else has actually hacked the system.

Bitfi CEO Daniel Khesin sent a call of distress and claimed to be in need of help:

“Dear friends, we’re announcing a second bug bounty to help us assist potential security weaknesses of the Bitfi device. We would greatly appreciate assistance from the infused community, we need help. Here are the bounty conditions: bitfi.com/bounty2”.

Along with this all the above mentioned hacker stated Bitfi was not going to pay a $250,000 reward:

“It’s pure marketing,” as OverSoft said.

It is to be noted though the OverSoft hacked the device without actually possessing it. this is a big deal as the device costs $120 plus shipping. Meanwhile the issue remains open whether one actually needs BitFi device to start BitFi wallet.

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