Tagbitfi

McAfee's Bitcoin Wallet Drops 'Unhackable' Claim, Bug Bounty after Backlash

john mcafee BitFi

After weeks of claiming that its cryptocurrency wallet was unhackable despite being continually disproven, Bitfi has now raised its hands in the air in surrender. In a tweeted statement, the hardware wallet maker said it will no longer use the ‘unhackable claim’ in its promotional materials. “Effective immediately, we will be removing the “unhackable” claim from our brand which has caused a...

McAfee’s Unhackable Bitfi Wallet Hacked Again, Security Researchers Await Bounty

john mcafee

On the home page of hardware wallet Bitfi’s website, it is hard to miss these words attributed to the company’s chairman, John McAfee: "The world's first un-hackable storage for cryptocurrency & digital assets." But for the umpteenth time, the security of the hardware wallet has been severely compromised. In the most recent incident according to Hard Fork, security researchers at Pen Test...

Op-Ed: Crypto-Security - the Good, the Bad, and the McAfee

john mcafee BitFi

If you've been following the news over the past few days then you might have noticed CCN's coverage on reported acquisition of unauthorised hacker access to the recently released Bitfi hardware wallet, created by controversial cybersecurity veteran John McAfee (ex-McAfee Associates, Cloak Phone). Whilst the Bitfi security saga has gained widespread media attention, largely due to Mr. McAfee's...

John McAfee's 'Unhackable' Bitcoin Wallet Bitfi Wins 'Lamest Vendor Response' CyberSec Award

john mcafee

Hardware wallet manufacturer Bitfi is this year’s recipient of the Pwnie Award for the Lamest Vendor Response. Bitfi Gets Pwnies Award for 'Lamest Vendor Response' pic.twitter.com/mZKjomEOYh — Eric Vanderburg (@evanderburg) August 9, 2018 The award, which is given to vendors who handle a security vulnerability in the worst way possible, was awarded based on the controversies and...

McAfee's 'Unhackable' Bitcoin Wallet Allegedly Hacked

john mcafee

John McAfee's Bitfi bitcoin wallet has allegedly been hacked after its creator issued a $250,000 hacking challenge. Bitfi, which has marketed the wallet as "unhackable," alongside promoter John McAfee has not yet responded to a post from security research group OverSoftNL, where it claimed to have obtained root access. Accusations and Speculation The tweet at the center of the furor was posted...