The Bitfi cryptocurrency wallet, touted as an “unhackable” system, appears to have been hacked a week after launch. Backed by technology personality John McAfee, the Bitfi cryptocurrency wallet claims to have “fortress-like” security and the product’s “security is absolute and that the wallet cannot be hacked or penetrated by outside attacks.” Available for $120, the hardware connects to an online dashboard for users to keep an eye on their funds and access their cryptocurrency. The device and online platform sync through a Bitfi ID and when transactions are made, users input a phrase to generate a private key.
ORIGINAL SOURCE: ZDNet
