It does not make sense to have something that can not be hacked in the online world. It may be tight on security, but how any device can be ''unhackable'' ?
Just found it : https://cointelegraph.com/news/unhackable-wallet-reportedly-breached-hackers-claim-to-meet-bounty-conditions , Likely Mcafee silenced them with money.
Topic: “World’s first unhackable device” - page 2. (Read 375 times)
Sounds like a snapchat hardware device where someone will create a screenshot type hack that will capture the private keys in that one second
But isn't it was hacked already? Not once but twice already:
https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/
And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.
https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/
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Security researchers have now developed a second attack, which they say can obtain all the stored funds from an unmodified Bitfi wallet. The Android-powered $120 wallet relies on a user-generated secret phrase and a “salt” value — like a phone number — to cryptographically scramble the secret phrase. The idea is that the two unique values ensure that your funds remain secure.
But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.
But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.
And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.
Lol. This is news to me. John Mcafee has seriously messed up his reputation by hyping the shit out of so many coins and tokens in the cryptoverse and is now living with his family running from the government.
Why would anyone vote for someone like that? This guy had everything and I do like how he supports the cryptocurrency market regularly, but hyping stuff up unnecessarily is not helping anyone.
But isn't it was hacked already? Not once but twice already:
https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/
I guess John McAfee will feel the shame because of that news and he will try to find the other way to avoid the news and will say "nothing to be worried, the hack happen is because we are not yet ready to receive any attacking."https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/
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Nothing is unhackable in this crypto verse.
Besides that, it just a human creation which cannot always be safe. As you say, someone will try to break the security because of the bigger prizes is waiting for them.I bet that many people (hackers/coders/IT security) will try to figure out the hole so they can penetrate and get something off the device.
And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.
Damn you cointelegraph, haha, yeah seems it's last year's news but cointele just published it yesterday, so I thought it is. Sorry for that.
Also found this link and had a face palm. 🤦
https://cointelegraph.com/news/bitfi-closes-wallet-bounty-program-removes-unhackable-from-branding
So the title of this thread should be
“
But isn't it was hacked already? Not once but twice already:
https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/
And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.
Soon after McAfee announced the unhackable wallet a team united and hacked the wallet, later it was given some reason from McAfee. As in the quote system exploitation will happen throughout unlike the development. Likewise the loophole is very small, which is very hard to find. For bug fixers it is very simple to rectify, but find it is the difficult task. https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/
Quote
Security researchers have now developed a second attack, which they say can obtain all the stored funds from an unmodified Bitfi wallet. The Android-powered $120 wallet relies on a user-generated secret phrase and a “salt” value — like a phone number — to cryptographically scramble the secret phrase. The idea is that the two unique values ensure that your funds remain secure.
But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.
But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.
And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.
But isn't it was hacked already? Not once but twice already:
https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/
And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.
https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/
Quote
Security researchers have now developed a second attack, which they say can obtain all the stored funds from an unmodified Bitfi wallet. The Android-powered $120 wallet relies on a user-generated secret phrase and a “salt” value — like a phone number — to cryptographically scramble the secret phrase. The idea is that the two unique values ensure that your funds remain secure.
But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.
But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.
And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.
Last year, Bitfi described its hardware wallet as the “world’s first unhackable device” — but the company has now withdrawn this claim.
The company had established a bounty hunt — initially offering a $100,000 prize, but which was then raised to $250,000 — for the first person who managed to hack its device. As reported by Cointelegraph this summer, this initiative was spearheaded by infamous investor John McAfee.
The company had established a bounty hunt — initially offering a $100,000 prize, but which was then raised to $250,000 — for the first person who managed to hack its device. As reported by Cointelegraph this summer, this initiative was spearheaded by infamous investor John McAfee.
It's funny that John McAfee is really good in making hypes whatever the product or project he's investing, he'll do everything.
Though I'm impressed with this idea but somehow bothered,
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This means that the private key comes into existence for a fraction of a second and vanishes immediately afterward
What will be the guarantee that it will be vanish and won't be save in their system. hmmm
Thoughts on this? Anyone?
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