John McAfee Bitfi Wallet is now Hackable
John McAfee Bitfi Wallet is now Hackable

Some security Researchers claims that John McAfee Bitfi wallet is now hackable. They claim they hack the Bitfi wallet via a Cold Boot attack. In the hacking industry, the phrase is very popular which says everything has a loophole and is hackable. A few weeks earlier we Blog an article in which John McAfee Presents $100000 Bounty Offer to Hack Bitfi Wallet. You can read this blog post as well to gain the whole context. However, now the company has discontinued the program and claim to launch it again via Hacker one. But why all this happens in our opinion.

The BitFi wallet is powered by Android OS. Moreover, the wallet protects the user fund (i.e. coins) via two unique values. These two unique values comprise of a user-generated phrase and a salt value. Both of these values combine to create a private key which is in turn use to access the funds. Now, security researchers claim that they can access user-generated phrase and salt value using a cold boot attack.

John McAfee Bitfi Wallet is now Hackable: Rashid Claims

Saleem Rashid explains this whole scenario via a video. This video he post in one of his tweets. The video explains how he performs the cold boot attack.

Responding to his tweet, the company posted a tweet that says BitFi hired some security managers who will confirm the vulnerabilities that are claimed by the security researcher. Moreover, they also write that currently, they are closing the Bounty program because of the anger and frustration among security researchers. Moreover, we also look through the BitFi wallet site and there they say they will soon launch the bounty program via hacker one.

Looking through all these, In our opinion, seems like Rasheed plays the game very well. What is your opinion, post in the comment below?

Read also: What is Titan Security Key and How does it Work?

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