John McAfee’s ‘Unhackable’ BitFi Hardware Wallet, Hacked. Fueling a ‘Twitter War’

On the 27th of July, John McAfee had challenged the crypto-community and hackers worldwide, to attempt to hack the BitFi Hardware wallet. McAfee has more or less claimed on several occasions that no one can steal any funds locked away in the hardware wallet therefore making it unhackable. The initial bounty for anyone who could hack the device was $100,000 but McAfee upped the ante to $250,000 only 4 days later through the following tweet:

We are increasing the bounty for hacking the https://t.co/VJ7qrOxQqL wallet to $250,000. The rules require you to empty the contents of a BitFi wallet that we have pre-loaded and have sent to you. You must pay for the wallet and its contents. Rules at https://t.co/jUUVmH77Mg

— John McAfee (@officialmcafee) July 31, 2018

Alleged hack of the BitFi Wallet

Less than a day after McAfee increased the bounty, @OversoftNL, an ‘IT geek’ from the Netherlands, claimed to have successfully obtained root access to the BitFi wallet. He made the announcement…