John McAfee offers $100,000 to hack Bitfi Wallet

John McAfee has had a wild few years over the past decade. Although his name is generally associated with the anti-virus software McAfee, he hasn't been a part of the company since his resignation in 1994. Over the past two decades, the eccentric McAfee has spent time dabbling in many different business ventures, most recently endorsing the Bitfi Wallet.

The Bitfi Wallet has been available for a little while and although McAfee has claimed it to be unhackable, there really hasn't been much conversation around the topic - until now. McAfee tweeted that there is now a bounty of $100,000 for anyone who can hack the wallet.

Bitfi claims that the bounty program is not intended to identify security vulnerabilities in its product "since we already claim that our security is absolute and that the wallet cannot be hacked or penetrated by outside attacks", but is instead there as an incentive to get more people to try and penetrate the wallet. If you think you have the skills, be sure to follow the rules.

The rules for claiming the bounty are simple:

  • We deposit coins into a Bitfi wallet
  • If you wish to participate in the bounty program, you will purchase a Bitfi wallet that is preloaded with coins for just an additional $50 (the reason for the charge is because we need to ensure serious inquiries only)
  • If you successful extract the coins and empty the wallet, this would be considered a successful hack
  • You can then keep the coins and Bitfi will make a payment to you of $100,000

This might be a scheme to boost sales, after all, you will have to purchase a wallet in order to participate. But, for those who have the hunger or need to prove something, it should be a small price to pay, plus if you are able to accomplish it, you'll get $100,000.

Source: John McAfee (Twitter) | Image via Bitfi

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