{"id":159216,"date":"2018-08-02T17:00:57","date_gmt":"2018-08-02T21:00:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/im-not-that-sloppy-15-year-old-ridicules-bitfi-after-hacking-unhackable-wallet\/159216"},"modified":"2021-08-08T01:42:37","modified_gmt":"2021-08-08T05:42:37","slug":"im-not-that-sloppy-15-year-old-ridicules-bitfi-after-hacking-unhackable-wallet","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/im-not-that-sloppy-15-year-old-ridicules-bitfi-after-hacking-unhackable-wallet","title":{"rendered":"\u2018I\u2019m Not That Sloppy\u2019: 15-Year Old Ridicules Bitfi After Hacking \u2018Unhackable\u2019 Wallet"},"content":{"rendered":"
\"Bitfi\"<\/div>\n

A fifteen-year-old has claimed to have successfully compromised the \u201cunhackable\u201d Bitfi hardware wallet endorsed by John McAfee.<\/strong><\/p>\n

\n

\u2018Bullshit Walks\u2019?<\/h3>\n

In a Twitter exchange August 1, Saleem Rashid, who rose to prominence online after uncovering a vulnerability in hardware wallet Ledger in March, defied claims by Bitfi that its product boasted indestructible security.<\/p>\n

The event follows controversy<\/a> at Bitfi, having last week released photographs of the hardware used in its wallet which commentators said did not correspond to its quality claims.<\/p>\n

\u201cI\u2019m not that sloppy in my work,\u201d Rashid wrote to Bitfi on Twitter after the company voiced doubt he had successfully undermined the wallet\u2019s integrity.<\/p>\n

\n

that would make sense, apart from the fact that the rooted device syncs with the Dashboard.<\/p>\n

maybe you’re mistakenly checking for a su binary, but i’m not that sloppy in my work.<\/p>\n

\u2014 Saleem Rashid (@spudowiar) August 2, 2018<\/a><\/p><\/blockquote>\n

Bitfi and McAfee had previously offered a $100,000 reward<\/a> for successfully hacking their product, McAfee summarizing the offer with the tagline \u201cmoney talks, bullshit walks.\u201d<\/p>\n

\u201cFor all you naysayers who claim that \u2018nothing is unhackable\u2019 & who don\u2019t believe that my Bitfi wallet is truly the world\u2019s first unhackable device, a $100,000 bounty goes to anyone who can hack it,\u201d he announced in July.<\/p>\n

\u2018Dangerously Wrong\u2019<\/h3>\n

Responding to Bitfi\u2019s request to claim the bounty money, Rashid quoted security researcher Alan Woodward\u2019s own exchange with the company.<\/p>\n

\u201cYou are not only wrong, you are dangerously wrong,\u201d he wrote in response to Bitfi\u2019s misgivings about the successful hack.<\/p>\n

\u2026It\u2019s not speculation based on what I\u2019m looking at. And we don\u2019t want your money. Give it to charity. We are concerned that others will entrust their money to something that is not secure in the way appear to suggest.<\/p>\n

\"\"<\/p><\/blockquote>\n

Bitfi\u2019s website continues to call its wallet \u201cthe most sophisticated instrument in the world,\u201d alleging its $120 price tag had a philanthropic motive.<\/p>\n

\u201cAs a computing device it is much more costly to manufacture than ordinary hardware wallets, \u2026our mission is to make this technology accessible to everyone and to keep it affordably priced as long as possible,\u201d it claims.<\/p>\n

McAfee subsequently weighed in on the debacle, calling doubts about the wallet \u201cFUD.\u201d<\/p>\n

\n

The FUD surrounding the unhackablility of the BitFi wallet, part 1: pic.twitter.com\/LNgteEqR30<\/a><\/p>\n

\u2014 John McAfee (@officialmcafee) August 2, 2018<\/a><\/p><\/blockquote>\n

What do you think about Saleem Rashid reportedly hacking Bitfi? Let us know in the comments below<\/strong>!<\/p>\n

\n

Images courtesy of Shutterstock, Twitter, Bitfi.com<\/em><\/p>\n

The post \u2018I\u2019m Not That Sloppy\u2019: 15-Year Old Ridicules Bitfi After Hacking \u2018Unhackable\u2019 Wallet<\/a> appeared first on Bitcoinist.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A fifteen-year-old has claimed to have successfully compromised the \u201cunhackable\u201d Bitfi hardware wallet endorsed by John McAfee. \u2018Bullshit Walks\u2019? In a Twitter exchange August 1, […]<\/a><\/div>","protected":false},"author":183,"featured_media":159219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-159216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"\n\u2018I\u2019m Not That Sloppy\u2019: 15-Year Old Ridicules Bitfi After Hacking \u2018Unhackable\u2019 Wallet - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"A fifteen-year-old has claimed to have successfully compromised the \u201cunhackable\u201d Bitfi hardware wallet endorsed by John McAfee.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/159216\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018I\u2019m Not That Sloppy\u2019: 15-Year Old Ridicules Bitfi After Hacking \u2018Unhackable\u2019 Wallet\" \/>\n<meta property=\"og:description\" content=\"A fifteen-year-old has claimed to have successfully compromised the \u201cunhackable\u201d Bitfi hardware wallet endorsed by John McAfee.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-02T21:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-08T05:42:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/08\/shutterstock_730915-640x400-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wilma Woo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wilma Woo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/159216#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/159216\"},\"author\":{\"name\":\"Wilma Woo\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/7826ccf9d101580d9aee38e4cfc2971d\"},\"headline\":\"\u2018I\u2019m Not That Sloppy\u2019: 15-Year Old Ridicules Bitfi After Hacking \u2018Unhackable\u2019 Wallet\",\"datePublished\":\"2018-08-02T21:00:57+00:00\",\"dateModified\":\"2021-08-08T05:42:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/159216\"},\"wordCount\":444,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/159216#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/08\/shutterstock_730915-640x400-1.jpg\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/159216\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/159216\",\"name\":\"\u2018I\u2019m Not That Sloppy\u2019: 15-Year Old Ridicules Bitfi After Hacking \u2018Unhackable\u2019 Wallet - 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