RATE Group | Bitfi finally gives up claim cryptocurrency wallet is unhackable
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Bitfi finally gives up claim cryptocurrency wallet is unhackable

31 Aug Bitfi finally gives up claim cryptocurrency wallet is unhackable

Posted at 12:43h in Cryptocurrency News by

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The Bitfi cryptocurrency hardware wallet emerged on the scene with fanfare, and backed by tech personality John McAfee, the company caused controversy by claiming the device was completely “unhackable.”

The Bitfi wallet was advertised as containing “fortress-like” security which could not “be hacked or penetrated by outside attacks.”

Naturally, the security community did its part to disprove such claims. It wasn’t long before we saw the $120 device become a Doom gaming console, root access was gained and partition listings were dumped on GitHub.

Researchers called the device nothing more than a “cut-down Android phone,” and in response to such claims, two bug bounties were issued.

See also: McAfee: Calling Bitfi unhackable may have been ‘unwise’

The first was dubbed a “sham” by a collective of security researchers called THCMKACGASSCO and required researchers to purchase the device to participate. The…

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