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Win $100,000 by Hacking John McAfee and Bitfi’s “Unhackable” Cryptocurrency Wallet

Win $100,000 by Hacking John McAfee and Bitfi’s “Unhackable” Cryptocurrency Wallet

Reading Time: 2 minutes by on July 28, 2018 News, wallet
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If you possess decent cyber hacking skills, then you might want to give attention to John McAfee’s latest open challenge. The eccentric antivirus software creator posted a tweet on July 24, offering a $100,000 reward to whoever can break into his Bitfi cryptocurrency wallet.

McAfee and Bitfi Share Strong Conviction for Their Crypto-Wallet’s Security

As reported by BTCManager on June 21, McAfee aligned with the hardware wallet company, Bitfi, to launch a crypto token wallet. McAfee called the wallet the “first truly unhackable and open source crypto wallet.” He has since issued a challenge in the form of this tweet:

The official website of Bitfi states that the $100,000 giveaway is not a bait to test the security vulnerabilities of the crypto-wallet, as they claim that their security is “absolute” and that the wallet’s security cannot be breached or compromised by any attempt of hacking.

However, after all is said and done, it seems that the tweet might be more of an advertising campaign rather than an open challenge. Any hacker who’d want to test their mettle must first purchase a Bitfi wallet and load it with a minimum amount of $50 in order to be eligible for the $100,000 bounty. A successful hack would comprise extraction of coins and emptying the hacked wallet. Once executed, the hacker can keep the coins, and Bitfi will make a payment of $100,000 to the victorious person.

McAfee Being McAfee

This is not the first instance of McAfee making seemingly outrageous claims on a public platform. He is known for pulling drama out of thin air. Earlier this year, it came to public knowledge that McAfee was being paid pretty handsomely for posting “market moving” tweets on social media.

On account of possible incoming trouble from the U.S. Securities and Exchange Commission (SEC), McAfee disclosed in April that the amounts he was being paid were “embarrassingly huge” for ICO endorsements via Twitter. As a result, he stopped posting promotional ICO-endorsing tweets.

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