I\u2019m so surprised the unhackable Bitfi wallet was hacked \u2014 said no one ever.\u00a0While this was not even the first time the $120 hardware wallet was hacked, it was enough for Bitfi to strike the \u201cunhackable\u201d claim from its website.Bitfi wallet backer and big mouthpiece John McAfee, however, still claims the cryptocurrency wallet is unhackable and went so far as to offer $20 million to one particular hacker if he can hack McAfee\u2019s wallet.BitFi offered $100,000 to anyone who could take the coins from its factory wallet. Hackers complained it was too little, and why should they have to buy the wallet. It increased to $250,000. No takers. I'm now offering $20 mil to one fraudulent hacker - @cybergibbons He refused.\u2014 John McAfee (@officialmcafee) September 1, 2018A month ago, McAfee upped the bounty for hacking the \u201cunhackable\u201d wallet from $100,000 to $250,000. That bounty, which many in the security community deemed a sham, specified that a hack counted only if someone got the coins off the \u201ccut-down Android phone\u201d wallet. Bitfi refused to pay researchers who did hack the device, claiming the attacks didn\u2019t meet the bounty conditions. It wasn\u2019t horribly surprising that Bitfit won the PwnieAward for \u201cLamest Vendor Response.\u201dSecurity researchers such as Pen Test Partners\u2019 Andrew Tierney kept finding ways to hack Bitfi, and Bitfi kept finding ways to deny them the promised bounty payout.The latest Bitfi hackThe newest hack of Bitfi, a cold boot attack, was pulled off by 15-year-old Saleem Rashid, who previously turn Bitfi into a Doom gaming console. Rashid is part of a team of security researchers going by \u201cTHCMKACGASSCO.\u201dhere's a @Bitfi6 being cold boot attacked by an Android phone. the actual attack takes mere seconds. trivial to Evil Maid it while you're not looking.the RAM analysis takes over 2 minutes on my phone (only 1GB RAM), but we can dump RAM in 40 seconds \ud83d\ude09appropriate \ud83c\udfb6 as always pic.twitter.com\/uNL5cLlSi6\u2014 Saleem "Unhackable" Rashid (@spudowiar) September 1, 2018Despite Bitfi having been hammered and exploited many times, Bitfi finally backed off its \u201cunhackable\u201d claim shortly after Rashid posted video proof of the hack on Twitter.Bitfi issued a statement that it would remove the \u201cunhackable\u201d claim from its branding as it \u201ccaused a significant amount of controversy.\u201d The company didn\u2019t stop there; it hired \u201can experienced Security Manager, who is confirming vulnerabilities that have been identified by researchers.\u201d After confirmation, the flaws are allegedly to be publicly announced and addressed.Additionally, Bitfi closed the \u201ccurrent bounty programs that have caused understandable anger and frustration among researchers.\u201d It further claimed that a \u201cconventional bounty program\u201d would be launched via Hacker One.Despite that promise, Hacker One CEO M\u00e5rten Mickos said Bitfi had not yet initiated any communication about launching a bounty program.BitFi has not been in touch with us & there is no conversation going on. There are specific criteria and t&c for any company to qualify to run a program on our platform.M\u00e5rten Mickos (@martenmickos) August 31, 2018McAfeee offers Tierney $20 million to hack BitfiJohn McAfee, however, seems incapable of clamping his mouth shut. He zeroed in on Tierney, aka @cybergibbons, taunting him to accept a $20 million challenge to hack McAfee\u2019s Bitfi wallet. The strings attached seem pretty creepy: McAfee said he would pay Tierney\u2019s way to the United States where Tierney would stay at McAfee\u2019s house. If Tierney can get the $20 million in cryptocurrency off McAfee\u2019s Bitfi wallet, then the money is his. McAfee claims Tierney won\u2019t accept, since \u201cBitfi is unhackable.\u201dTo the gentleman who claims to have Hacked the BitFi wallet: I say he is a publicity hound who is all talk. Here is my personal challenge. I promise he is too much of a coward to accept. He is only a wannabe hacker. He knows he cannot do it. Are you listening asshole? pic.twitter.com\/spj3NJzVVv\u2014 John McAfee (@officialmcafee) September 1, 2018McAfee\u2019s challenge has been made into a Hitler video.