A few days ago it was stated that John McAfee’s hardware wallet, BitFi, had been hacked by a 15-year-old. BitFi disregarded the statement and said it was false through a video, posted, through John McAfee’s personal Twitter Account.
Now there seems to be proof that a 15-year-old kid has hacked it. In a video, he plays Doom on the wallet which he posted on Twitter, and the video has got over 31,000 views in two days. The Twitter account belongs to Abe Snowman, a systems engineer, who wrote the following description:
In recognition of @Bitfi6 and @officialmcafee and their prestigious @PwnieAwards accolades, we'd like to show you @spudowiar playing DooM on his #BitFi secure wallet! Congratulations! pic.twitter.com/50qZZu1MnF
— Abe Snowman (@AbeSnowman) August 9, 2018
It was the teenager Saleem Rashid who hijacked the wallet by playing the computer game. Even though there is ‘proof’ – The BitFi wallet still claims to be unhackable. When the news came out, McAfee said it was “Utter nonsense” and that the wallet is hacked when someone claims the bounty.
“The press claiming the BitFi wallet has been hacked. Utter nonsense. The wallet is hacked when someone gets the coins. No-one got any coins. Gaining root access in an attempt to get the coins is not a hack. It’s a failed attempt. All these alleged “hacks” did not get the coins.”
The question remains; has the wallet been hacked by the 15-year-old? According to the video, it surely seems so. Saleem Rashid has made it possible to play Doom, but have not officially taken cryptocurrencies from the wallet.
John McAfee has even raised the bounty to $250,000 if you manage to extract coins and not just play Doom.
“If you successfully extract coins and empty the wallet, this would be considered a successful hack.”
When BitFi confronted Saleem on Twitter and told him to claim the bounty so they can identify the weakness, he said to them that he does not want their money. He asked BitFi to give it to charity instead.
The reason the wallet is said to be the most secure wallet is that it does not store the private keys on the wallet itself – and therefore cannot be hacked. If the device is lost or stolen, the funds are completely safe. The user can buy a new wallet and enter the secret phrase or use BitFi’s open source resources to retrieve the private keys and access the funds.
So although nobody has successfully claimed the bounty reward, there have been claims that the device can easily be hacked. As the 15-year-old did to play Doom.
Image Source: “Flickr”
Dennis Sahlström has been trading and investing since 2012 and has for the last two years been consistently profitable. He has been in the crypto- and blockchain space since the middle of 2017 and realized its potential for our world, not least how it is transforming the society we live in. He has now created an education platform, together with the wealth coach Marcus the Maria. They teach regular people how to invest and trade in the cryptocurrency market with proven strategies. If you want to learn more and feel like its time to get into this new asset class, download our free book and register to the next live training to get your future in cryptocurrencies started.