Hackaton, launched by eccentric IT entrepreneur John McAfee, turned a test for their courage for a group of hackers who managed to crack the Bitfi cryptocurrency wallet, developed by the company founded by McAfee.

The group of hackers under nickname Cybergibbons reported that they were able to crack the Bitfi cryptocurrency hardware wallet and send a transaction from it. According to their statements, they managed to get full access to the wallet and send private keys and seed-phrase to the remote server using Netcat.

They noted that Bitfi keeps in touch with the company's servers.

After that, the ambiguous message appeared in the Bitfi Twitter account:

"...but did you guys ever bother to look into who you picked fight with & the resources these people have? Not wise. Remember that the lies & deception that you deliberately spread about Bitfi can have consequences," the Bitfi team wrote in Twitter, but later deleted their message, which, yet, was saved as a screenshot by users shocked by the Bitfi team's reaction.

John McAfee also declined to acknowledge that the Bitfi crypto wallet, created by his company, is vulnerable and can be hacked. Earlier, he laughed at the information that a 15-year-old hacker from the UK installed DOOM on Bitfi. According to McAfee, this does not say anything about the vulnerability of the wallet, but only that the device has a display.

Previously, John McAfee promised to pay $100,000 to anyone who can hack his hardware crypto wallet, and later he raised the award to astonishing $250,000.
The reason was that the same hacker team Cybergibbons reported that Bitfi seemed to be an upgraded Android-based smartphone and that they found a set of malicious tools (Adups FOTA) in one of the repositories that are loaded into the ROM memory. Those tools were transmitting information about text messages, calls, location and application data to the server in China every 72 hours.