Remember how John McAfee created a cryptocurrency wallet that had ‘proven’ to be totally unhackable, so much so, he challenged the greatest minds in crypto to try and gain access to it? Named BitFi, the wallet claimed to be an absolute game changer in crypto wallet technology, providing the world’s first totally secure storage solution. McAfee even offered a huge reward to anyone who could successfully extract cryptocurrency from a BitFi wallet, though McAfee refused to admit this was a ‘bug bounty’, he offered a stunning $250,000.00. Since its launch, BitFi has been subject to hacks, hackers have been able to gain root access and do things McAfee had claimed were impossible. According to the tweet above, a 15 year old computer whizz by the name Saleem Rashid has successfully hacked a BitFi wallet, and installed a playable version of the retro classic computer game Doom on it. There’s even a video to support this claim. How fantastic is that? Image sourced from - Indie Retro News Does this count? McAfee of course refuses to admit that any of these hacks, the Doom one included, actually disprove McAfee’s claims that the BitFi wallet is unhackable. He remains adamant that it is impossible to steal cryptocurrency from a single BitFi wallet and that therefore, it is totally secure and thus, unhackable. We disagree with this entirely (as do most people, obviously). If the wallet can be accessed and changed in any way, it is not unhackable, it has been hacked. A hack doesn’t have to be malicious and steal cryptocurrency, a hack simply means that an external person has accessed a level within the device that can then be used to change it. If somebody is able to install a video game on the wallet, they could install other programmes that are designed to manipulate the wallet user into sending their cryptocurrency to a fraudulent account. And what a fun way to expose a vulnerability this is.
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) 9 August 2018