Researchers find tons of red flags in Bitfi’s ‘unhackable’ cryptocurrency wallet

Last week, John McAfee offered up $100,000 to anyone who could break into the Bitfi wallet – a device advertised as the world’s first completely “unhackable” cryptocurrency wallet. Bitfi even asked that all attempts be made public. An ad-hoc collective of hackers and security researchers is doing just that, already finding a bunch of kinks that throw the device’s security into question. While nobody has managed to claim the $100,000 reward for stealing the $50 worth of cryptocurrencies inside, the squad have torn it apart. Ryan Castellucci, software engineer and hardware hacker commented that Bitfi appears to be exactly what it seems to…

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