A Review Asserts John McAfee’s Unhackable BitFi Crypto Wallet a Scam

A Review Asserts John McAfee’s Unhackable BitFi Crypto Wallet a Scam

Cryptocurrency News
July 28, 2018 by Sandra Onyeiwu
1741
John McAfee, a British-American computer programmer and founder of McAfee Associates, recently beefed up the Bitfi wallet and claims it to be hack-proof. A few hours ago, a Reddit post appeared with a noisy title: SCAM! McAfee is promoting a new “unhackable” hardware wallet. Don’t fall for it. The CEO of this hardware wallet was
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John McAfee, a British-American computer programmer and founder of McAfee Associates, recently beefed up the Bitfi wallet and claims it to be hack-proof.

A few hours ago, a Reddit post appeared with a noisy title: SCAM! McAfee is promoting a new “unhackable” hardware wallet. Don’t fall for it. The CEO of this hardware wallet was also previously under the SEC scanner.

John McAfee’s new BitFi wallet has received strong reviews at launch. McAfee openly challenged that if anyone could hack into the wallet, he would offer them $100,000. For each person who manages to hack it. The company would even provide the hackers with a BitFi device to hack.

Sources claim the wallet to be very safe and impenetrable by hackers. The wallet uses a certain mathematical algorithm that makes the private key exist for a split second, only long enough to approve the transaction before disappearing forever.

Unlike other wallets, Bitfi Knox cannot be tampered with and if by any chance the wallet is lost, stolen or opened up and analyzed carefully, the private keys would still not be found hence making it completely safe when purchased by anyone.

A Redditor comments saying: his critics beg to differ, “The so-called “unhackable” is just another marketing gimmick for even the best cryptography can be hacked if enough resources are spent on hacking it.”

Not only do they suggest that Bitfi is in fact hackable, but they also claim to have found out that the wallet is a scam and posted a detailed report of their research.

 

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