Home » Teenage Hacker Roots John McAfee’s ‘Unhackable’ Wallet

Teenage Hacker Roots John McAfee’s ‘Unhackable’ Wallet

Teenage hacker has successfully rooted the BitFi cryptocurrencies wallet which John McAfee, CEO of MGT Capital Investments has called ‘Unbreakable’ — but did not manage to extract any coins from it.
news - Teenage Hacker Roots John McAfee’s ‘Unhackable’ Wallet

Teenage hacker has successfully rooted the BitFi cryptocurrencies wallet which John McAfee has called ‘Unbreakable’ — but did not manage to withdraw any coins from it.The BitFi crypto wallet has been rooted by a 15-year-old Saleem Rashid, who was able to get the video game classic Doom running on the device, but he did not manage to extract Bitcoins from the wallet.

The rooting comes weeks after John McAfee called the device to be the first “unhackable” cryptocurrencies wallet, and offered $100,000 to the first person who manages to breach the wallet’s security measures. Later BitFi, the company behind the wallet, turned McAfee’s offer into a bounty program and raised the reward to $250,000.

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McAfee answered the device was not indeed hacked, as the hacker was unable to extract the coins. Nevertheless, while not an almost-hack in nature, the rooting of the BitFi wallet can prove to be an important security risk. The vulnerabilities could potentially allow hackers to install keylogging malware on the device capable of recording and transmitting the private key of the cloud-based wallet. 

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