💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Exclusive: McAfee Offers $20M to Hack Bitfi Wallet; Hackers Accept

Published 09/04/2018, 01:24 PM
Updated 09/04/2018, 02:40 PM
 Exclusive: McAfee Offers $20M to Hack Bitfi Wallet; Hackers Accept

The drama with the Bitfi wallet continues to evolve as the company removes its “unhackable” claim and both its bounties from its website, which prompted outrage from hackers who managed to execute an evil maid attack on the device. This escalated into a moment where John McAfee offered to fly one of the hackers in and allow them to hack his own personal device, letting them keep the $20 million in crypto he has on it if they succeed.

https://twitter.com/officialmcafee/status/1035980830957613057?s=21

Bitfi directed Cryptovest towards these tweets, adding that the offer “came straight from Mr. McAfee” and that the company “had nothing to do with this $20m offer.”

“No evidence”

During our interview with Bill Powell, VP of operations at Bitfi, he said that the hackers did not provide any evidence for their claims of hacking the device.

Shortly after we spoke to Powell, we established communication with the hackers through Andrew Tierney—a.k.a. Cybergibbons, a security consultant who speaks for the collective called THCMKACGASSCO. He told us the other side of the story, pointing us to a video of an evil maid attack performed on a Bitfi wallet.

https://twitter.com/spudowiar/status/1031301920303063045

On August 27, we received an email from Bitfi in response to the story we published.

“You will notice that, as always, [Cybergibbons] provides no evidence or reproducible method of different kinds of attacks other than simply claiming that they have been able to successfully achieve them. Since you spoke to us, we have made considerable effort to get these hackers to claim bounty [sic] and all requests were ignored. You will note that in one instance we offered to make payment if he would simply take a few minutes to speak to our engineers on the phone (because he did not want to send in the device),” a spokesperson for the company told us.

We saw the tweets and pushed a little further, asking whether the lack of cooperation may have come from a possible breakdown in communication following a tweet from the company that has been interpreted as a threat by the community at large.


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.