Bitfi

2018: Cracking "first-ever not cracked" a cryptopurse

At the beginning of August, 2018 it became known of cracking of the Bitfi cryptocurrency wallet which was created by the company of the same name together with John McAfee who based of producer of antiviruses McAfee. The businessman called this device "first-ever not cracked".

For all of you, sceptics who claim that "there is nothing not cracked" and does not believe that my purse to Bitfit really first-ever not cracked device: I am ready to give $100 thousand to the one who will crack it — John McAfee on the Twitter blog wrote on July 24, 2018.

Community cybersecurity of specialists criticized the small amount of remuneration which was offered by the entrepreneur for cracking of the product. Began to be suggested that McAfee just advertizes the product and wants to find quickly in it vulnerabilities as soon as possible to begin to earn.

"First-ever not cracked" the device from John McAfee was cracked in a week

And he began to receive money already from the developers who decided to participate in tender on Bitfi cracking: the device costs $120. The amount of remuneration for cracking of a cryptopurse grew to $250 thousand, and a week later all truth about this solution became known.

It turned out that that "not cracked" the hardware cryptocurrency wallet is constructed on simple Android smartphone from which took some component parts, including the module of cellular communication. The device is controlled the MediaTek MT6580 processor  and on the amount of components can cost no more than $35.

Specialists of PEN Test Partners  sorted Bitfi and revealed in the device several shortcomings connected with security at once. So, the display it is unsafe it is connected to a payment on not ciphered protocol therefore hackers can browse that users gather on the screen. Besides, the purse did not react to third-party intervention in any way — adaptation can be sorted and investigated, and it will continue to work.

John McAfee still believes in security of Bitfi and said that it is impossible to call a purse cracked until from it withdrew money.^[1]

Notes