John McAfee is again to placing his cash the place his mouth is – and goddamn – is it some huge cash.
He says that he’ll give $100,000 to anybody who can break into the ‘Bitfi’ pockets, the supposedly ‘unhackable’ cryptocurrency storage gadget he has been parroting about on social media of late.
For all you naysayers who declare that “nothing is unhackable” & who don’t consider that my Bitfi pockets is actually the world’s first unhackable gadget, a $100,000 bounty goes to anybody who can hack it. Cash talks, bullshit walks. Particulars on https://t.co/ATFaxwUzQC
— John McAfee (@officialmcafee) July 24, 2018
The pockets additionally apparently doubles because the world’s first unhackable gadget – so that is undoubtedly bigly if true. Bitfi or McAfee don’t actually have a lot to supply by way of proof proper now, so what higher strategy to get it than a very out-of-the-blue $100okay money prize?
The Bitfi advertising and marketing staff has been fast sufficient to whip up some official rules for the bounty. It undoubtedly didn’t discover out about this via Twitter like the remainder of us.
We strongly consider within the worth of a bounty in an effort to resolve any potential issues concerning the safety of the Bitfi pockets. This bounty program will not be meant to assist Bitfi to establish safety vulnerabilities since we already declare that our safety is absolute and that the pockets can’t be hacked or penetrated by outdoors assaults. Quite this program is meant to display to anybody who claims or believes that nothing is unhackable or that they’ll hack into the Bitfi pockets, that such makes an attempt are futile and that the marketed claims concerning the Bitfi pockets are correct.
I feel it’s price declaring earlier than we go any additional – not discovering anybody to hack the Bitfi pockets will not be the identical as proving that their gadget is definitely unhackable.
Right here’s the kicker: you want to purchase a Bitfi pockets to take part and pay an extra $50 to have some cryptocurrencies loaded onto the gadget so that you can try to steal. That is simply to, uh, just be sure you are actually critical about hacking it.
The foundations for claiming the bounty are easy:
- In case you efficiently extract the cash and empty the pockets, this could be thought of a profitable hack
- Present proof that the pockets is empty
- You possibly can then maintain the cash and Bitfi say they’ll make a fee to you of $100,000
It has additionally requested that any hacking makes an attempt be made public, in order that the method can assist others of their quest to get their fingers on McAfee’s cash.
Bitfi could be very express: this isn’t a bug bounty (yeah, proper). So be mindful, if you happen to handle to hack into the gadget, it’s not a bug, it’s a hidden shock that makes you wealthy, type of just like the golden ticket to Willie Wonka’s Chocolate Manufacturing unit – however with cash.
McAfee’s $100,000 Bitfi bug bounty is the most recent in very profitable alternatives for would-be hackers to get themselves some juicy white-hat loot.
In June, one particular person raked in over $120,000 in only one week by gathering bounties for vulnerabilities within the EOS community. Only one month later, it was handing out even more cash alongside TRON, Monero and Augur in separate bounties.
No matter whether or not this pockets is absolutely unhackable – the entire thing could be actually counterproductive. Whether or not any gadget might be utterly and completely safe is in the end up for debate and should even be completely unprovable.
However for people who say that cryptocurrency isn’t actually the Wild West it was, McAfee certain is capturing freely from the hip.
Printed July 25, 2018 — 09:07 UTC