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Archivo del Autor: Belen De Leon

‘Unhackable’ BitFi crypto wallet has been hacked

The BitFi crypto wallet was supposed to be unhackable and none other than famous weirdo John McAfee claimed that the device – essentially an Android-based mini tablet – would withstand any attack. Spoiler alert: it couldn’t.

First, a bit of background. The $120 device launched at the beginning of this month to much fanfare. It consisted of a device that McAfee claimed contained no software or storage and was instead a standalone wallet similar to the Trezor. The website featured a bold claim by McAfee himself, one that would give a normal security researcher pause:

Further, the company offered a bug bounty that seems to be slowly being eroded by outside forces. They asked hackers to pull coins off of a specially prepared $10 wallet, a move that is uncommon in the world of bug bounties. They wrote:

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 $10 (the reason for the charge is because we need to ensure serious inquiries only)
If you successfully 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 $250,000
Please note that we grant anyone who participates in this bounty permission to use all possible attack vectors, including our servers, nodes, and our infrastructure

Hackers began attacking the device immediately, eventually hacking it to find the passphrase used to move crypto in and out of the the wallet. In a detailed set of tweets, security researchers Andrew Tierney and Alan Woodward began finding holes by attacking the operating system itself. However, this did not match the bounty to the letter, claimed BitFi, even though they did not actually ship any bounty-ready devices.

Then, to add insult to injury, the company earned a Pwnies award at security conference Defcon. The award was given for worst vendor response. As hackers began dismantling the device, BitFi went on the defensive, consistently claiming that their device was secure. And the hackers had a field day. One hacker, 15-year-old Saleem Rashid, was able to play Doom on the device.

The hacks kept coming. McAfee, for his part, kept refusing to accept the hacks as genuine.

Unfortunately, the latest hack may have just fulfilled all of BitFi’s requirements. Rashid and Tierney have been able to pull cash out of the wallet by hacking the passphrase, a primary requirement for the bounty. “We have sent the seed and phrase from the device to another server, it just gets sent using netcat, nothing fancy.” Tierney said. “We believe all conditions have been met.”

The end state of this crypto mess? BitFi did what most hacked crypto companies do: double down on the threats. In a recently deleted Tweet they made it clear that they were not to be messed with:

The researchers, however, may still have the last laugh.


Source: TechCrunch

Bird and Lime are protesting Santa Monica’s electric scooter recommendations

Lime and Bird are protesting recommendations in Santa Monica, Calif. that would prevent the electric scooter companies from operating in the Southern California city. We first saw the news over on Curbed LA, which reported both Lime and Bird are temporarily halting their services in Santa Monica.

Last week, Santa Monica’s shared mobility device selection committee recommended the city move forward with Lyft and Uber-owned Jump as the two exclusive scooter operators in the city during the upcoming 16-month pilot program. The committee ranked Lyft and Jump highest due to their experience in the transportation space, staffing strategy, commitments to diversity and equity, fleet maintenance strategies and other elements. Similarly, the committee recommended both Lyft and Jump as bike-share providers in the city.

Now, both Bird and Lime are asking their respective riders to speak out against the recommendations. Bird, which first launched in Santa Monica, has also emailed riders, asking them to tell the city council that they want to Bird to stay.

“In a closed-door meeting, a small city-appointed selection committee decided to recommend banning Bird from your city beginning in September,” Bird wrote in an email. “This group inexplicably scored companies with no experience ever operating shared e-scooters higher than Bird who invented this model right here in Santa Monica.”

Bird goes on to throw shade at Uber and Lyft — neither of which have operated electric scooter services before. That shade is entirely fair, but one could argue both Uber and Lyft already have so much experience operating transportation services within cities and would be better equipped to run an electric scooter service than a newer company.

In addition to asking people to contact their city officials, Bird is hosting a rally later today at Santa Monica City hall. But given that most of these electric scooters are manufactured by the same provider and that the services are essentially the same, I’d be surprised if there’s much brand loyalty. Over in San Francisco, I personally miss having electric scooters but I really don’t give a rat’s pajamas which services receive permits. That’s just to say, we’ll see if these efforts are effective.

I’ve reached out to both Lime and Bird and will update this story if I hear back.


Source: TechCrunch

The browser-based Monero miner Coinhive generates around $250,000 each month

Despite a fall in cryptocurrency mining, the Coinhive Monero miner is still highly active, generating around $250,000 each month. Coinhive also contributes 1.18 percent of the total mining power behind the Monero blockchain.

The post The browser-based Monero miner Coinhive generates around $250,000 each month appeared first on Digital Trends.


Source: Digital trends

House Dems lay into FCC chair over false cyberattack claims – CNET

Ajit Pai is taking heat after reports that the FCC falsely said a cyberattack knocked a public comments page offline during the net neutrality debate.
Source: CNET

Smart speaker sales on pace to increase 50 percent by 2019

It seems Amazon didn’t know what it had on its hands when it released the first Echo in late-2014. The AI-powered speaker formed the foundation of the next been moment in consumer electronics. Those devices have helped mainstreaming consumer AI and open the door to wide scale adoption of connected home products. 

New numbers from NPD, naturally, don’t show any sign of flagging for the category. According to the firm, the devices are set for a 50-percent dollar growth from between 2016-2017 to 2018-2019. The category is projected to add $1.6 billion through next year.

The Echo line has grown rapidly over the past four years, with Amazon adding the best-selling Dot and screen enabled products like the Spot and Show. Google, meanwhile, has been breathing down the company’s next with its own Home offerings. The company also recently added a trio of “smart displays” designed by LG, Lenovo and JBL.

A new premium category has also arisen, led by Apple’s first entry into the space, the HomePod. Google has similarly offered up the Home Max, and Samsung is set to follow suit with the upcoming Galaxy Home (which more or less looks like a HomePod on a tripod).

As all of the above players were no doubt hoping, smart speaker sales also appear to be driving sales of smart home products, with 19 percent of U.S. consumers planning to purchase one within the next year, according to the firm.


Source: TechCrunch

Hyperloop at 5: Sci-fi transport quickly becoming more sci than fi – CNET

Five years ago billionaire Elon Musk open-sourced his plan for a supersonic train-like thing. Today it’s still a work in progress.
Source: CNET

AutoComplete: Ford announces Ranger pricing, launches configurator video – Roadshow

Plus: Hertz gets 100 special Z06s, and Tesla sets up a tribunal for Elon.
Source: CNET

Win a chance to watch Will Smith bungee jump from a helicopter over the Grand Canyon – CNET

The weirdness is looking to raise money for charity.
Source: CNET

Was your car built to stop working? – Roadshow

Obsolescence is an increasing part of modern car ownership.
Source: CNET

For work or for play, these are the 5 best laptop deals for college students

Whether you’re getting ready for a new school year, shopping for a special student, or just need a new computer, we’ve got you covered: These are the five best laptop deals going right now, from discounted MacBooks to an on-the-go gaming PC.

The post For work or for play, these are the 5 best laptop deals for college students appeared first on Digital Trends.


Source: Digital trends

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