“World’s first unhackable device”

[awawo]

There is no device that is unhackable it only require time before the security will be broken by hackers, mcafee fails to acknowledge the fact that security protocols is an ever developing aspects of any device and it wrong to boost on you own level of security because give it time and it will be out beaten.

[pat4cryptoreal]

I was attracted to this thread because I saw the topic "World's first unhackable device". I want everyone to have in mind that companies or individual can say anything just to attract investors and popularity to the project. Producing unhackable device is impossible.

[Artemis3]

A good thing to hear about crypto news that has a good benefit to all crypto enthusiast. It's a good thing that there is a device that is unhackable. But i further think that hackers now are making a way on how to deal with this device or to hack it. But hopefully this would be unhackable.

Nothing under the sun is said to be unhackable. Security companies have been hacked many times  around the world even the giant of them was hacked, though time is the strength of a hacker because he/she device means of penetration. Have seen series of hack-life and have come to a conclusion that nothing is unhackable except you and your device be ignore .

Here, I'll show you an "unhackable" device:



If by "hacking" you mean the "evil wrong doers from the net" getting to your funds... This device is able to safely keep your private key as seed words away from the network. Its also air gaped too! Just make sure you store it properly and make a copy by hand to store it in a separate and secure physical place (in case the first place burns down or something).

You can make one yourself by booting from a linux live iso, install Electrum, create a wallet and write the seed words which are unique to you. Then you can copy your public addresses electronically or print them; turn off the pc.

Now you can deposit anything you want to any of those public addresses without any fear of "evil wrong doers from the net". You can verify the deposit using any blockchain explorer online.

Notice that you are not saving the wallet or backing up anything. Your backup are those words, and only those words. They can recreate your wallet at any point later, and you then have access to your funds. That's why they are so important to protect physically and from the view of any electronic devices.

[kryptqnick]

But isn't it was hacked already? Not once but twice already:

https://techcrunch.com/2018/08/30/john-mcafees-unhackable-bitfi-wallet-got-hacked-again/

I also thought about that, since the op mentioned that the claim was withdrawn. The behavior of the company does not encourage trust, though, according to another article on cointelegraph:

the company admitted "vulnerabilities," and yet avoided speaking about multiple alleged hacks of the device...
the company responded to the hacking claims and subsequent criticism by calling them an “army of trolls” hired by hard wallet competitors Trezor and Ledger.

As the new article says, however, they are planning to launch another wallet. Perhaps they are now working on the vulnerabilities that led to the previous one being hacked. Returning to the point of being hacked, though, John McAfee explained in a tweet that it was not a hack, but an unsuccessful attempt, since the coins were not stolen. I am not sure what to think of it, it seems hard to understand what exactly happened there, but I am pretty sure they won't make any bounties for hackers with the new wallet 

[bones261]

     The Bitfi wallet was just bad. It was nothing but a glorified brainwallet. It would only be as secure as the password that you came up with. We all know that under most circumstances a brainwallet really isn't that secure since any password that a person can remember probably does not have the required entropy. It didn't help that people were also able to easily change the firmware on the device. I'm not certain if this could have been done remotely, though.

[blockman]

So the title of this thread should be
 “World’s first unhackable device”

Exactly, the claim for that has been gone. They can't prove their claim as someone successfully hacked that device, yes this is one of the oldest. And you know what's more?

The one who's able to hack that wallet is just 15 years old by that time named Saleem Rashid.

(https://www.theinquirer.net/inquirer/news/3060878/john-mcafees-bitfit-crypto-wallet-hacked-to-play-doom)

Not only that but Saleem previously hacked or exploited Ledger in 2017. For more of his exploits you can read below. This kid is really a genius.

https://saleemrashid.com/

I don't know if he receives any bounty from Bitfi, however, he turn down the bounty in the Ledger exploit because Ledger wanted a NDA, which he refuses so now he shows everything how it can be done. You can follow everything on his blog and his other exploits as well.

Woah so he has his website, thanks for that I'll get to know more him there.

I looked for some relative news articles if Bitfi paid him but it seems that they neglected and denied Saleem's work.

[Ucy]

Where does the private keys vanish to? I saw his post on the so called unhackable device. I believed it a little until I saw the part about the private keys vanishing immediately. Meaning it appears atall on the device. So, wouldn't the hackers be able to steal the keys at the "fraction of seconds" they appear?

[TryNinja]

Where does the private keys vanish to? I saw his post on the so called unhackable device. I believed it a little until I saw the part about the private keys vanishing immediately. Meaning it appears atall on the device. So, wouldn't the hackers be able to steal the keys at the "fraction of seconds" they appear?

It is not, and it is an expensive (and shit) "brain wallet". The private key is generated every time you enter your brain wallet phrase. The problem is that the hardware/software is complete shit and it's easily hackable. There are videos where people can easily install custom firmware in just a few steps and show that the hardware is basically an expensive android phone/tablet. It's literally a scam for a quick buck by McAfee .