Amusing to see high technology security firms claim being "unhackable".
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Bitfi, a cryptocurrency wallet backed by anti-virus software entrepreneur John McAfee, has issued a statement saying it will no longer describe its service as "unhackable".
The announcement followed the release of evidence by a group of security researchers showing the wallet being compromised.
However, Mr McAfee maintains that the claim stands.
Bitfi had offered a $250,000 (£190,000) reward to anyone who hacked the wallet.
But it stated that the Bitcoin inside must be removed from the wallet - which was controversial among the cybersecurity community as often weaknesses are identified but not acted upon.
The group claimed to have hacked the wallet once before but Bitfi and Mr McAfee refused to accept their evidence.
They said it didn't qualify for the reward - known as a bug bounty - because none of the digital currency was actually removed.
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Read more at https://www.bbc.com/news/technology-45368044
You said it couldn't be done. You called us liars and you doubled down. You threatened us and then you backed out of paying the bounties. So enjoy this little preview. And if you are a @Bitfi6 owner, just know that your coins were never safe, not even for a minute. pic.twitter.com/Nx0p6Tu8pQ— SHADOW0PS (@Shadow0pz) August 30, 2018
Bitfi, a cryptocurrency wallet backed by anti-virus software entrepreneur John McAfee, has issued a statement saying it will no longer describe its service as "unhackable".
The announcement followed the release of evidence by a group of security researchers showing the wallet being compromised.
However, Mr McAfee maintains that the claim stands.
Bitfi had offered a $250,000 (£190,000) reward to anyone who hacked the wallet.
But it stated that the Bitcoin inside must be removed from the wallet - which was controversial among the cybersecurity community as often weaknesses are identified but not acted upon.
The group claimed to have hacked the wallet once before but Bitfi and Mr McAfee refused to accept their evidence.
They said it didn't qualify for the reward - known as a bug bounty - because none of the digital currency was actually removed.
<<<
Read more at https://www.bbc.com/news/technology-45368044
The @bitfi6 security expert quit after 2 days 😂 https://t.co/QyI8oYP5J8— Elliot Alderson (@fs0c131y) August 31, 2018
Bill Powell of @Bitfi6 discussing the single assumption upon which the entirety of @Bitfi6's ridiculous UNHACKABLE claim lies— Saleem "Unhackable" Rashid (@spudowiar) August 30, 2018
could you even IMAGINE if this assumption was proved false?https://t.co/gdVg32Hhzu pic.twitter.com/pn07hAf2uP
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