“World’s first unhackable device”

[Tamilson]

Last year, Bitfi described its hardware wallet as the “world’s first unhackable device” — but the company has now withdrawn this claim.

The company had established a bounty hunt — initially offering a $100,000 prize, but which was then raised to $250,000 — for the first person who managed to hack its device. As reported by Cointelegraph this summer, this initiative was spearheaded by infamous investor John McAfee.

It's funny that John McAfee is really good in making hypes whatever the product or project he's investing, he'll do everything.

Though I'm impressed with this idea but somehow bothered,

This means that the private key comes into existence for a fraction of a second and vanishes immediately afterward

What will be the guarantee that it will be vanish and won't be save in their system. hmmm

Thoughts on this? Anyone?

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[Kemarit]

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/

Security researchers have now developed a second attack, which they say can obtain all the stored funds from an unmodified Bitfi wallet. The Android-powered $120 wallet relies on a user-generated secret phrase and a “salt” value — like a phone number — to cryptographically scramble the secret phrase. The idea is that the two unique values ensure that your funds remain secure.

But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.

And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.

[Vaskiy]

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/

Security researchers have now developed a second attack, which they say can obtain all the stored funds from an unmodified Bitfi wallet. The Android-powered $120 wallet relies on a user-generated secret phrase and a “salt” value — like a phone number — to cryptographically scramble the secret phrase. The idea is that the two unique values ensure that your funds remain secure.

But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.

And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.

Soon after McAfee announced the unhackable wallet a team united and hacked the wallet, later it was given some reason from McAfee. As in the quote system exploitation will happen throughout unlike the development. Likewise the loophole is very small, which is very hard to find. For bug fixers it is very simple to rectify, but find it is the difficult task.

[Tamilson]

And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.

Damn you cointelegraph, haha, yeah seems it's last year's news but cointele just published it yesterday, so I thought it is. Sorry for that.

Also found this link and had a face palm. 🤦
https://cointelegraph.com/news/bitfi-closes-wallet-bounty-program-removes-unhackable-from-branding

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

[maydna]

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 guess John McAfee will feel the shame because of that news and he will try to find the other way to avoid the news and will say "nothing to be worried, the hack happen is because we are not yet ready to receive any attacking."

Nothing is unhackable in this crypto verse.

Besides that, it just a human creation which cannot always be safe. As you say, someone will try to break the security because of the bigger prizes is waiting for them.
I bet that many people (hackers/coders/IT security) will try to figure out the hole so they can penetrate and get something off the device.

[Haunebu]

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/

Security researchers have now developed a second attack, which they say can obtain all the stored funds from an unmodified Bitfi wallet. The Android-powered $120 wallet relies on a user-generated secret phrase and a “salt” value — like a phone number — to cryptographically scramble the secret phrase. The idea is that the two unique values ensure that your funds remain secure.

But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.

And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.

Lol. This is news to me. John Mcafee has seriously messed up his reputation by hyping the shit out of so many coins and tokens in the cryptoverse and is now living with his family running from the government.

Why would anyone vote for someone like that? This guy had everything and I do like how he supports the cryptocurrency market regularly, but hyping stuff up unnecessarily is not helping anyone.

[kelz1]

Sounds like a snapchat hardware device where someone will create a screenshot type hack that will capture the private keys in that one second

[mrdeposit]

It does not make sense to have something that can not be hacked in the online world. It may be tight on security, but how any device can be ''unhackable'' ?
Just found it : https://cointelegraph.com/news/unhackable-wallet-reportedly-breached-hackers-claim-to-meet-bounty-conditions , Likely Mcafee silenced them with money.

[nutildah]

I guess John McAfee will feel the shame because of that news and he will try to find the other way to avoid the news and will say "nothing to be worried, the hack happen is because we are not yet ready to receive any attacking."

John McAfee can't feel shame; that's one of the great side effects of being a sociopath. The part of his brain that feels the most human of emotions, like conscience, shame and empathy, is either faulty or missing altogether.

[Tamilson]

I guess John McAfee will feel the shame because of that news and he will try to find the other way to avoid the news and will say "nothing to be worried, the hack happen is because we are not yet ready to receive any attacking."

John McAfee can't feel shame; that's one of the great side effects of being a sociopath. The part of his brain that feels the most human of emotions, like conscience, shame and empathy, is either faulty or missing altogether.

Is McAfee still human? Whenever I see some icos that paid McAfee as advisor, I just feel they already lose the battle, better yet don't invest on that project.

But this guy still stand for his so called unhackable wallet

Earlier this month, Bitfi CEO Daniel Keshin wrote to Cointelegraph regarding the alleged hack by fifteen-year-old Saleem Rashid. Khesin said:

“As of now, we have no evidence that our device can be hacked and if someone succeeds in doing so then we will immediately put out a fix to all devices to address the vulnerability that was discovered and it will be unhackable once again.”

[MakeMoneyBtc]

I think everything can be hacked, especially in the era we are living. And hackers have proven that by hacking probably almost every possible system in the world. If even NASA or FBI or any other institution cannot create a system that is unkackable then I don't think anyone else can.

[nutildah]

I guess John McAfee will feel the shame because of that news and he will try to find the other way to avoid the news and will say "nothing to be worried, the hack happen is because we are not yet ready to receive any attacking."

John McAfee can't feel shame; that's one of the great side effects of being a sociopath. The part of his brain that feels the most human of emotions, like conscience, shame and empathy, is either faulty or missing altogether.

Is McAfee still human?

That's a legitimate question. Technically, he still possesses above-average intelligence, however his prefrontal cortex is underdeveloped, rendering him also possessing the characteristics of a great ape. He claims to have "47 biological children," so if even 1 of these was actually true, then he would indeed be classified as a human because he can still breed with other humans.

[bitfocus]

Actually it had been hacked several times and then they stopped claiming their wallet Unhackable

Bitfi removes unhackable claim from crypto wallet
https://www.csoonline.com/article/3302363/security/bitfi-removes-unhackable-claim-from-crypto-wallet.html

[r32godzilla]

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/

Security researchers have now developed a second attack, which they say can obtain all the stored funds from an unmodified Bitfi wallet. The Android-powered $120 wallet relies on a user-generated secret phrase and a “salt” value — like a phone number — to cryptographically scramble the secret phrase. The idea is that the two unique values ensure that your funds remain secure.

But the researchers say that the secret phrase and salt can be extracted, allowing private keys to be generated and the funds stolen.

And I think this is a old news already. Nothing is unhackable in this crypto verse. Anyone will find a way to exploit systems, just saying, whether your hardware or software attacks.

He didn´t get private key from the device for now.. but he totally changes the software of the device and that is a big problem. Has he received the bug bounty money?

[ansarose1]

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.

[dothebeats]

Nothing is unhackable in this crypto verse.

Bitcoin itself and its private keys would be the ones remaining to be 'unhackable,' if you count brute-forcing as a method of hacking, that is. Certainly, no system devised in this day and age is bulletproof: there will be vectors of attack present in every system no matter how strong or how bulletproof they seem to be. As for the claim of John McAfee, I applaud the man for his works on cybersecurity, but he must also know that he is not a god when it comes to such things.

[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)

[Kemarit]

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.

[betty11]

John McAfee at it again. Well am not a security expert, only time will tell if they are telling the truth or not. Maybe they just want to market their product, this time McAfee had to spearhead it. I doubt if there is device that can't be hacked with time, it will only take time. Blockchain is a network and not a device.

[Becky666]

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 .