The Bitfi drama escalates as John McAfee offers a $20 million grand prize to hackers who manage to compromise his personal wallet.
The drama with the Bitfi wallet continues to evolve as the company removes its “unhackable” claim and both its bounties from its website, which prompted outrage from hackers who managed to execute an evil maid attack on the device. This escalated into a moment where John McAfee offered to fly one of the hackers in and allow them to hack his own personal device, letting them keep the $20 million in crypto he has on it if they succeed.
BitFi offered $100,000 to anyone who could take the coins from its factory wallet. Hackers complained it was too little, and why should they have to buy the wallet. It increased to $250,000. No takers. I’m now offering $20 mil to one fraudulent hacker – @cybergibbons He refused.
— John McAfee (@officialmcafee) September 1, 2018
Bitfi directed Cryptovest towards these tweets, adding that the offer “came straight from Mr. McAfee” and that the company “had nothing to do with this $20m offer.”
During our interview with Bill Powell, VP of operations at Bitfi, he said that the hackers did not provide any evidence for their claims of hacking the device.
Shortly after we spoke to Powell, we established communication with the hackers through Andrew Tierney—a.k.a. Cybergibbons, a security consultant who speaks for the collective called THCMKACGASSCO. He told us the other side of the story, pointing us to a video of an evil maid attack performed on a Bitfi wallet.