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John McAfee’s Challenge: Hack His Crypto-Wallet and Walk Away with $100,000

John McAfee’s Challenge: Hack His Crypto-Wallet and Walk Away with $100,000 Posted on January 29, 2019Leave a comment

Are you looking to earn an easy $100,000? Well, all you have to do is take up John McAfee’s new challenge. The pioneer behind the antivirus software has actually come out with a challenge – anybody who manages to hack into his Bitfi crypto-wallet will walk away with a cool $100, 000 in cash.

Of course, it’s not going to be as easy as it sounds, but it’s definitely easier than working a 9 to 5 for the rest of your life, which is the only other legal way to make a $100, 000.

The challenge was announced by McAfee earlier this week via a Twitter post. According to the self-proclaimed crypto-visionary, the Bitfi wallet is truly unhackable. In the post, McAfee even goes on to specifically call out the “naysayers” and those who believe that “nothing is unhackable”. He even ended the post with a quote of his own, which said “Money talks, bull**** walks”.

A new partnership

McAfee entered into a partnership with wallet firm Bitfi only last month to launch what they call the “first truly unhackable and open-source crypto wallet”. The new wallet is a cryptocurrency hardware wallet that stores private keys within an actual hardware device.

Bitfi and McAfee are very confident that their new product is completely protected from any security threat. In fact, the company has even issued a statement that the new contest isn’t a bounty program meant to identify vulnerabilities. They remain very clear on the fact that the wallet simply cannot be hacked and that the contest is only an attempt to prove the “fact”.

However, many see this as a publicity stunt to advertise Bitfi. The wallet, which comes preloaded with $50 worth of cryptocoins, has to be purchased before contestants can actually participate in the contest. If the buyer/contestant can manage to hack and extract the preloaded coins, they can claim the $100,000 cash prize. Point being, the wallet still has to be purchased, which is good news for Bitfi and McAfee.

Not the first time for McAfee

This isn’t the first time McAfee has come out with something this outrageous. In April 2018, he had tweeted that he would be charging $105,000 for every tweet that promoted an ICO (Initial Coin Offering) or a cryptocurrency that allowed prospective buyers to invest in a cryptocoin prior to its launch.

Daniel Khesin, the CEO of Bitfi, sent out an email statement in which he mentioned that the company’s core mission was to promote the adoption of decentralized assets, which can only be possible with impenetrable storage that is also easy to use.
In the statement, Khesin implied that the new Bitfi wallet was a good example of this. He referred to the wallet as impossible to hack and a major leap in digital security.

So, could it be possible that the Bitfi wallet is truly unhackable? Well, it’s up to interested contestants to prove McAfee and Bitfi wrong. However, if the wallet does live up to the claims, we could be looking at something even more revolutionary in the cryptocurrency domain.

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