John Mcafee, who made millions while creating the popular McAfee antivirus software, went on a Twitter rant to defend his security credentials because his account was allegedly hacked. He claims that his account was compromised as part of an elaborate scam.
It was in the 80’s that Mcafee came to prominence while founding Mcafee, among the world’s first commercial antivirus software companies which led to a multibillion-dollar industry. This business has been sold to Intel but he still deals in developing cyber security products.
Mcafee is a prominent figure contributing to the rise of Bitcoin and other cryptocurrencies and ICOs. Earlier this month he tweeted about a number of virtual currencies people should invest in. This was met with both positive and negative feedback. While some people trusted his decades of experience and rushed to invest in the ICOs he recommended, others accused him of running a pump-and-dump scheme, and even pasted alleged private messages from Twitter where McAfee asked for large payments to the tune of $1.1 million in Ether, in exchange for his endorsement.
Verge has its own drama to deal with, including a rise in people questioning the release of its heavily promoted Wraith Protocol, promised by end of year, and speculation about whales manipulating the XVG market. So, this often becomes a case of he-said, she-said. In the grand scheme of things, there’s nothing wrong with charging for one’s endorsement if a person believes in a product. Athletes and other influencers do it every day. We respect John McAfee’s genius, and this would only be a scandal if McAfee didn’t believe in the products he’s promoting, as part of a pump-and-dump scheme. He’ll be speaking at The Bitcoin, Ethereum & Blockchain SuperConference in February and we expect that he’ll be able to clear some of this up.
On 23rd December Digibyte (DGB) was declared coin of the day through a tweet by McAfee. The tweet stated that this coin is based on 5 different algorithms, using a blockchain which is advertised as 40 times faster than Bitcoin, as well as the most decentralized mining system in the world.
Coin of the day: Digibyte (DGB). Using a Blockchain which is 40 times faster than Bitcoin and having one of the most decentralized mining systems in the world – based on 5 different synergistic algorithms. DGB adherents call the coin “The Sleeping Giant”.https://t.co/7MiWJ2tFfe
— John McAfee (@officialmcafee) December 23, 2017
On 24th December Mcafee tweeted about Reddcoin (RDD), promoting it as the most widely used social network coin in the world. He claimed that it was the only currency that children under the age of 10 have ever known.
Coin of the day: Reddcoin (RDD) – a sleeper – most widely used social network coin in the world – flying under the radar since 2014. Working with every Social Media platform, it is the only currency that many children under the age of 10 have ever known. https://t.co/ZN3jehwXp7
— John McAfee (@officialmcafee) December 24, 2017
On Christmas, there was another tweet from Mcafee about the coin of the day, Humaniq (HMQ). He gave this to his fans as a Christmas present, stating that HMQ is the most undervalued coin in existence.
Tron (TRX) was announced by McAfee on 26th of December. This coin is meant for data liberation, where users may freely store, own and publish data. We recently wrote about why McAfee said to HODL on Tron.
Coin Of The Day: pic.twitter.com/WSTXaha1Nk
— John McAfee (@officialmcafee) December 26, 2017
After pumping up new coins each day, Mcafee tweeted that coin of the day would immediately become the coin of the week, published on Mondays. He reasoned that this was due to heavy pressures from developers, exchanges, and crypto adherents. But perhaps it was the beginning of the end.
Due to heavy pressure from crypto adherents, exchanges, developers and every other corner of the earth (and God himself chastised me in my dreams last night), the “Coin of the day” will become “Coin of the week” starting immediately. You can look for it every Monday morning.
— John McAfee (@officialmcafee) December 26, 2017
After switching from “Coin of the Day” to “Coin of the Week,” McAfee tweeted that his Twitter account was hacked, and that the coin of the day tweet was not from him and that he was no more interested in doing the coin of the day.
Urgent: My account was hacked. Twitter has been notified. The coin of the day tweet was not me. As you all know… I am not doing a coin of the day anymore!!!!
— John McAfee (@officialmcafee) December 27, 2017
The alleged hoax tweets lead to a surge in popularity of the listed currencies and their value did soar for a short span of time. McAfee claimed that he was targeted by the hackers who had lost money. One vlogger, Vincent Briatore claims he has proof:
McAfee says that his mobile phone was compromised, to get into his Twitter account, used by cybercriminals to promote lesser known virtual currencies to his 550,000 followers. But there are people who expressed skepticism about the hack as they believe that he does not have a reputation for being credible, calling it a publicity stunt.
Mcafee had announced earlier this year that he was developing the world’s first private Smartphone. This caused some to speculate whether this was all a stunt to promote his new device. What’s the truth? Perhaps we’ll find out at the conference in February, 2018. I’ll be there. Will you?
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Full Disclosure: The author of this article is a Verge (XVG) holder