In today’s edition of Bitcoin in Brief we cover stories about John McAfee refusing to acknowledge his “unhackable” wallet has been hacked after tinkerers were able to install Doom on the device, Coinbase wanting to become a verified identity service, and more.
Also Read: Bitwise Launches Three New Cryptocurrency Market Index Funds
McAfee Refuses to Acknowledge “Unhackable” Wallet Was Hacked
We recently reported that security researchers attacked the Bitfi wallet, which was said to be “unhackable” by its promoters like John McAfee, cracking it open and finding out it was nothing more than a cheap phone with the camera and SIM taken out. Well, now they also successfully sent signed transactions with the device, claiming a Bitfi bug bounty. And before that someone had even been able to demonstrate root control of the device by installing the classic video game Doom on it.
In recognition of @Bitfi6 and @officialmcafee and their prestigious @PwnieAwards accolades, we’d like to show you @spudowiar playing DooM on his #BitFi secure wallet! Congratulations! pic.twitter.com/50qZZu1MnF
— Abe Snowman (@AbeSnowman) August 9, 2018
McAfee reacted with scorn, twitting: “A video played on your Bitfi wallet has nothing to do with the safety of your funds. This is amateur hour, not a hack! Any device with a computer and screen can be used to play games. I should start watching my YouTube videos on Bitfi wallet.” He later added: “Laughing so hard I can barely catch my breath. “Hackers” play Doom, play videos, root the device, play music on the BitFi wallet. We dont charge extra for those facilities. No-one has taken the coins from our pre-loaded wallet. No
