John McAfee to Host Livestream Debate About Bitfi Wallet’s UnHackability
John McAfee To Do A Live Stream To Address Controversies Surrounding Bitfi Wallet
Popular crypto innovator and 2020 Presidential Candidate John McAfee has agreed to do a live stream to clear the air around the unhackable, controversial Bitfi Wallet.
Given the recent events and extreme nature of those trying to cash in on the $250,000 bounty, why not go direct to the source and hear from two qualified individuals go head to head toe to toe hack for potential hack in this unique broadcast. The event will go live this Saturday at 7:00 PM Eastern Time. Here is the official tweet and link to view:
We are doing a live stream on YouTube tomorrow night at 7pm EST to have a round table discussion to address all the controversy and rumors about the Bitfi wallet. Please tune in.https://t.co/D9MnkIcNCR
— John McAfee (@officialmcafee) August 4, 2018
For those of you not up to speed on all of the latest controversy, make sure you prep yourself and take a listen to McAfee's video tweetstorm he released earlier this week:
The debate will be conducted by Adam Guerbuez, the owner of BitcoinStacks along with two members of the Bitfi wallet team.
It is Officially Confirmed @officialmcafee has agreed to attend my debate along with two members of the Bitfi wallet team! Tomorrow is the day!! Saturday 7:00 PM Eastern. RETWEET THIS for awareness! https://t.co/kAAtiluTfm pic.twitter.com/qqovyG2bF1
— Adam Guerbuez💯 (@AdamGuerbuez) August 3, 2018
Adam, when asked about the credibility of the “InfoSec Experts” on the panel, said:
“Two seats are open to them, whoever steps up to the plate before the show, I will talk with and if they have credentials and well spoken to do a vocal debate on video like this, then they will be the ones.”
The Bitfi Crypto Wallet Story So Far..
John McAfee had been aggressively calling BitFi Wallet unhackable and even put a $100,000 Bounty to anyone who hacks it which he later increased to $250,000. However, less than a day after McAfee increased his bounty, @OversoftNL, an ‘IT geek’ from the Netherlands, claimed to have successfully obtained root access to the BitFi wallet.
@OversoftNL tweeted the following:
“Short update without going into too much detail about BitFi:
We have root access, a patched firmware and can confirm the BitFi wallet still connect happily to the dashboard.
There are NO checks in place to prevent that like claimed by BitFi.”
Since the alleged hack, without providing any official statements, announced a second bounty on its website that now pays $10,000. The new bounty is meant to help the team at BitFi identify potential security vulnerabilities in the firmware encryption of the BitFi device. The story was even picked up by major mainstream media outlets CNET and TheNextWeb and also drew attention from popular crypto hardware wallet Trezor's CTO.
Of course, all of this started when a known professional security expert called the crypto hardware wallet ‘terrible' in which you can read the story here:
@OverSoftNL has since outed the first bounty as being a sham and that the whole thing is a marketing strategy. Even many users on social media were calling out BitFi. As a Redditor points out. “Yeah it didn't look like they would ever pay the bounty. I'm sure their rules stipulate that any normal hacking methods are not eligible for the bounty, which basically only leaves cracking asymmetric encryption which would mean you are worth considerably more than the bounty. Stupid contest to behind with, but it's nice to see them proven to be liars.”
Earlier this week, Bitfi CEO Daniel Khesin was on record stating there was ‘absolutely no evidence' that the wallet's funds had been compromised and was insecure. Here was a quote of his:
“As of now, we have no evidence that our device can be hacked and if someone succeeds in doing so then we will immediately put out a fix to all devices to address the vulnerability that was discovered and it will be unhackable once again.”
Again, please bookmark this page for all of those interested in hearing a live version of what John McAfee has to say against the InfoSecurity Pros.
The much-anticipated debate can be viewed on YouTube, here is the link in which it will be broadcasted on live come August 4, 2018 at 7PM EST: