John McAfee.
John McAfee.
You can catch a substantial prize money if you can burglarize John McAfee’s Bitfi wallet.
The anti-virus software application leader and self-proclaimed “crypto visionary” tweeted on Tuesday that he’ll offer anybody a $100,000 bounty if they can hack his “unhackable” cryptocurrency wallet.
For all you cynics who declare that “nothing is unhackable” & & who do not think that my Bitfi wallet is really the world’s very first unhackable gadget, a $100,000 bounty goes to anybody who can hack it. Money talks, bullshit strolls. Details on https://t.co/ATFaxwUzQC
— John McAfee (@officialmcafee) July 24, 2018
McAfee partnered with hardware wallet business Bitfi last month to release the very first “truly unhackable and open-source crypto-wallet,” according to CoinTrust. Hardware wallets are cryptocurrency wallets that save your personal type in a safe hardware gadget.
McAfee and Bitfi are really positive about their crypto-wallet’s security.
“This bounty program is not intended to help Bitfi to identify security vulnerabilities,” the business composed on its site for the contest, “since we already claim that our security is absolute and that the wallet cannot be hacked or penetrated by outside attacks.”
However, McAfee’s bounty program looks more like an ad campaign for Bitfi due to the fact that you need to buy a Bitfi wallet and preload it with $50 worth of coins in order to take part. If you can hack into the wallet you purchased and draw out the coins, that would be thought about an effective hack, and you might declare the $100 K prize money.
This isn’t the very first stunt McAfee has actually pulled. He tweeted previously in April that he’s charging $105,000 per tweet promoting a cryptocurrency or a preliminary coin offering, which enables possible purchasers to buy a cryptocurrency prior to launch.
“Our core objective is to support the adoption of decentralized possessions and this can just occur [if] storage is impenetrable and really simple to utilize,” stated Daniel Khesin, CEO of Bitfi, in an e-mail declaration. “Bitfi wallet is completely unhackable and it is a huge leap in security over any other form of storage.”
First released on July 26, 2: 04 p.m. PT.
Updates on July 27, 5: 46 a.m. PT: Adds Bitfi CEO Daniel Khesin declaration.
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