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Topic: John Mcafee & Bitfi launch the first 'unhackable' hardware wallet (Read 1379 times)

newbie
Activity: 85
Merit: 0
Greedy clown on sickening drama🤔
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Lol, they won the Pwnie Award!

Coming next (probably): McAfee and Bitfi threatening the Pwnie Awards, all the judges, My Little Pony and Hasbro.

Seriously though, this hack isn't something that can be patched with a firmware upgrade. They would need to recall all the wallets and build a new product from scratch. If you are unfortunate enough to own one of these, I suggest you try for a refund.

He's such a clown, this dude is correct.

https://mobile.twitter.com/VessOnSecurity/status/1036668139185098752?p=v
legendary
Activity: 2268
Merit: 18588
Lol, they won the Pwnie Award!

Coming next (probably): McAfee and Bitfi threatening the Pwnie Awards, all the judges, My Little Pony and Hasbro.

Seriously though, this hack isn't something that can be patched with a firmware upgrade. They would need to recall all the wallets and build a new product from scratch. If you are unfortunate enough to own one of these, I suggest you try for a refund.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/

It's been hacked again.

This time the private keys are extracted in less than 2 minutes. In response, Bitfi have ignored the issue and instead decided just to end their security bounty program, presumably in the hope that people will stop just constantly hacking their "unhackable" wallet.

Lol, they won the Pwnie Award!



https://www.pentestpartners.com/security-blog/bitfi-research-receives-pwnie-award-for-lamest-vendor-response/

legendary
Activity: 2268
Merit: 18588
https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/

It's been hacked again.

This time the private keys are extracted in less than 2 minutes. In response, Bitfi have ignored the issue and instead decided just to end their security bounty program, presumably in the hope that people will stop just constantly hacking their "unhackable" wallet.
legendary
Activity: 3010
Merit: 8114
He uses his public image as an asset to help promote ICOs. (https://mcafeecryptoteam.com/effect.html)

He also uses his public image as his own cell phone wallpaper.



What a twat!
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
Probably because he wants him to hack his personal device (loaded with $20 mil). Anyways, I wouldn't travel to McAfee's house to humiliate him + pocket $20 mil (or even $100 mil) knowing what he is capable of doing[1].
that guy is crazy...

[1] https://en.wikipedia.org/wiki/John_McAfee

Guess so, but the remote hack is the one people should be more concerned about, not evil maids and that. It's not as if the world is infested with experts peeking through your window looking for hardware wallets.

I would guess that without physical access no one will be able to access coins, though obviously physical access is part of hacking too.

I would happily turn up at Mr. McAfee's door along with a few of these.



legendary
Activity: 2758
Merit: 6830
I don't really see why anyone needs to travel anywhere since there's this new thing out called the internet but there you go.
Probably because he wants him to hack his personal device (loaded with $20 mil). Anyways, I wouldn't travel to McAfee's house to humiliate him + pocket $20 mil (or even $100 mil) knowing what he is capable of doing[1].
that guy is crazy...

[1] https://en.wikipedia.org/wiki/John_McAfee
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
https://twitter.com/officialmcafee/status/1035913209881022464

The shiller in chief has upped the game considerably and now claims to have 20 million dollars in a wallet and will fly the chief hacker out to obtain it.

https://twitter.com/cybergibbons/status/1035902907902820352

And the hacker is willing to have a go if they come to London.

I don't really see why anyone needs to travel anywhere since there's this new thing out called the internet but there you go.
legendary
Activity: 2758
Merit: 6830
how it works? why the hardware wallet is unhackable? what method that they use? im very curious about the system that lock that hardware wallet, it seems like from the future that we can't hack it
Is it true that the hardware wallet cannot be hack or unhackable? Because I doubt about it because there are so many hackers that very smart to hack it. Remember, there is no such a perfect wallet that unhackable. But, or maybe the right word is the wallet is very hard to hack. We will see this news. I hope it's true and it will be a breakthrough for wallet development.
It's not. Read the goddam thread before making a post. It's just a brain wallet with a shit, unsafe and easily hackable hardware that can be compared with a cheap android phone.

Hacking the Bitfi. Part 1
‘Unhackable’ Bitfi hardware rooted within a week
full member
Activity: 560
Merit: 108
Is it true that the hardware wallet cannot be hack or unhackable? Because I doubt about it because there are so many hackers that very smart to hack it. Remember, there is no such a perfect wallet that unhackable. But, or maybe the right word is the wallet is very hard to hack. We will see this news. I hope it's true and it will be a breakthrough for wallet development.
full member
Activity: 616
Merit: 100
how it works? why the hardware wallet is unhackable? what method that they use? im very curious about the system that lock that hardware wallet, it seems like from the future that we can't hack it
member
Activity: 105
Merit: 59
Does anyone know how the private key is generated?

I'm really hoping (but really not, for the sake of their customers) that it's something stupid and obvious, like a single SHA256 of the passphrase.

I wrote up the algorithm here last month: https://rya.nc/bitfi-wallet.html
member
Activity: 238
Merit: 10
it will be very interesting to see it in practice! Now it's very popular to create your own wallets! the more so if he did it, then this wallet will be popular well.
legendary
Activity: 2268
Merit: 1092
Does anyone know how the private key is generated?

I'm really hoping (but really not, for the sake of their customers) that it's something stupid and obvious, like a single SHA256 of the passphrase.
member
Activity: 105
Merit: 59
McAfee and Bitfi are very confident about their crypto-wallet's security.

Highly overconfident, as the wallet is utter garbage security wise. It's like they *tried* to make it insecure.
newbie
Activity: 71
Merit: 0
McAfee partnered with hardware wallet company Bitfi last month to launch the first "truly unhackable and open-source crypto-wallet," according to CoinTrust. Hardware wallets are cryptocurrency wallets that store your private keys in a secure hardware device.McAfee and Bitfi are very confident about their crypto-wallet's security.
member
Activity: 248
Merit: 10
The Exchange for EOS Community
I dont believe on john mcafee. I think he's a business man who use crypto community for his own benefit and also i do read a news that its been hacked and we know who is mcafee he just a person who are always being too much in anything that he promoted.
full member
Activity: 291
Merit: 100
Most of the hacks we hear about are being being lax with their security. Nothing is truly unhackable because people are well .... people and will screw it all up.
legendary
Activity: 1904
Merit: 1073
https://twitter.com/cybergibbons/status/1028987435873648640

https://thenextweb.com/hardfork/2018/08/13/bitfi-cryptocurrency-wallet-bounty/

https://cointelegraph.com/news/unhackable-wallet-reportedly-breached-hackers-claim-to-meet-bounty-conditions

I am particularly reassured by this quote.

“As of now, we have no evidence that our device can be hacked and if someone succeeds in doing so then we will immediately put out a fix to all devices to address the vulnerability that was discovered and it will be unhackable once again.”

Who knew it was all so simple?

They misunderstood the unhackable concept.  Roll Eyes  I think if your dick is on the line, you lose some sleep and that causes

 some severe delusional ideas about the meaning of basic concepts, and added to that, some schedule 7 drug use.  Roll Eyes We all

know Mr McAfee is not all together at all times. I have never see any Trezor or Ledger being hacked, so I figure they pulled

that out of their bunghole.  Roll Eyes
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