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Unhackable Crypto-Wallet Allegedly Hacked In A Week - Printable Version

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Unhackable Crypto-Wallet Allegedly Hacked In A Week - mothered - 08-04-2018

Greetings to all,

A 250,000$ bounty offered to compromise an unhackable cryptocurrency wallet, has apparently been hacked, thereby gaining root access. However, the hack Is being denied on the following grounds:
Quote:McAfee disagreed that root access constitutes a hack.

I know my views on the matter hence If I were In the hacker's shoes, I'd definitely demand the bounty.

Quote:Someone claims to have successfully hacked an "unhackable" cryptocurrency wallet.

A self-described IT geek in the Netherlands who goes by @OverSoftNL on Twitter tweeted Wednesday about gaining root access to a crypto-wallet, which antivirus software pioneer John McAfee and hardware crypto-wallet maker Bitfi said had "absolute" security.

Last week, McAfee said he'd entered into a partnership with Bitfi to offer a $100,000 bounty to anyone that could hack a Bitfi wallet. The bounty was later raised to $250,000. Participation in the challenge required the purchase of a $120 Bitfi wallet, preloaded with cryptocurrency.

We have root access, a patched firmware and can confirm the BitFi wallet still connect happily to the dashboard," @OverSoftNL tweeted.

Source.

RE: Unhackable Crypto-Wallet Allegedly Hacked In A Week - edgy - 08-04-2018

In a sense it was hacked so at the very least giving a partial reward would've been good. It was a vulnerability after all.

RE: Unhackable Crypto-Wallet Allegedly Hacked In A Week - mothered - 08-04-2018

(08-04-2018, 11:54 AM)edgy Wrote: In a sense it was hacked so at the very least giving a partial reward would've been good. It was a vulnerability after all.

Agree.

If gaining root access Isn't classed as a hack, I don't know what Is.

RE: Unhackable Crypto-Wallet Allegedly Hacked In A Week - skrtja - 08-04-2018

Any type of access is a hack. Any vulnerabilities can be exploited in numerous ways leading to threats to emerge.

RE: Unhackable Crypto-Wallet Allegedly Hacked In A Week - Wrizz - 08-06-2018

"the Titanic of cryptocurrency"

RE: Unhackable Crypto-Wallet Allegedly Hacked In A Week - mothered - 08-07-2018

(08-04-2018, 04:38 PM)skrtja Wrote: Any type of access is a hack. Any vulnerabilities can be exploited in numerous ways leading to threats to emerge.

Definitely so.

I'll rephrase It to "Any type of unauthorized access Is a hack".

RE: Unhackable Crypto-Wallet Allegedly Hacked In A Week - spotifywebplayer - 08-10-2018

Thanks for the information on the site.

RE: Unhackable Crypto-Wallet Allegedly Hacked In A Week - mroll - 08-10-2018

Someone actually managed to play doom on that shitty device:

Challenge accepted: 15-year-old plays Doom on 'unhackable' Bitfi

[Image: sY1fCla.png]
Source

RE: Unhackable Crypto-Wallet Allegedly Hacked In A Week - mothered - 08-11-2018

(08-10-2018, 09:54 PM)mroll Wrote: Someone actually managed to play doom on that shitty device:

Challenge accepted: 15-year-old plays Doom on 'unhackable' Bitfi

Spoiler:
[Image: sY1fCla.png]

Source

It doesn't surprise me.

Issuing this statement Is ridiculous.
Quote:the company, backed by John McAfee, staunchly defended its product as completely unhackable

Every entity can be circumvented. Kevin Mitnick's firm have yet to fail:
Spoiler:
[Image: 3CmUEMM.jpg]


Mitnick Security.

RE: Unhackable Crypto-Wallet Allegedly Hacked In A Week - Vultra - 08-11-2018

Nothing is unhackable. Any thing and everything can be hacked. Just matters when.