John McAfee joins blockchain start-up EDC as security chief
Canadian blockchain start-up Equibit Development Corporation (EDC) has hired John McAfee as its chief security officer, with McAfee reporting to the board. EDC offers security for safely issuing company shares and protecting trades from hacking attempts using decentralised blockchain technology. The platform can also enable voting and registering new stock owners. McAfee is best known for creating McAfee Associates in 1987, with his eponymous security software sold to Intel in 2011. He has courted controversy in news headlines, relating to an investigation into his connection to a murder in Belize and running as a Libertarian Party presidential candidate.

Update November 25 at 2:15 p.m.: Equibit issued a clarification to their previous press release to clarifying that McAfee would be only an adviser to the company’s board and not an actual employee. See details below.

The epic and unpredictable adventures of John McAfee have taken their most startling turn yet: He’s accepted a job working for someone else.

Toronto-based Equibit Development Corporation said in a press release today that McAfee has been hired as the company’s chief security officer. In a somewhat unusual arrangement, however, McAfee will be reporting to the board and not the CEO.

“We’re honored and thrilled to be working with John McAfee,” said Equibit CEO Chris Horlacher in a statement. “With his input and ongoing guidance, EDC will continue to set the security standard for blockchain services. We share his unwavering commitment to IT security and, with his help, will continue to push the boundaries of what’s possible in this industry.”

Equibit is a security service for safely issuing shares in companies and protecting trades from hacks, using decentralized blockchain technology. The platform will also handle other shareholder services, like voting and registering new stock owners.

“Equibit Development Corporation has positioned itself to become a major player in the blockchain development field focused on the financial sector,” said McAfee in a statement.“With my guidance and advice, I anticipate the company to experience stellar growth and achievements.”

McAfee founded McAfee Associates in 1987 but left in 1994. The company was eventually sold to Intel in 2011 for more than $7.68 billion.

In recent years, McAfee has led a somewhat colorful existence, as chronicled in numerous news stories. He fled Belize after it appeared he was being investigated in connection with a murder several years ago. No charges were ever brought, and the case appears to have been put to rest. He’s also not been shy about discussing his decadent, gun-toting life in Central America with journalists.

Last year, he became a presidential candidate for the Libertarian Party but lost the nomination to Gary Johnson.

He’s also continued his work in tech, launching a company called QuorumEx in 2010 to develop new types of antibiotics. In 2013, he started Future Tense Central, to create “D-Central,” a security network device. That was followed in 2014 by Cognizant, an app that helps smartphone users understand what permissions they’ve granted to other apps. And, in addition to running an incubator, he still currently holds the titles of CEO and executive chairman at an investment fund called John McAfee Global Technologies.

UPDATE: “After a cordial discussion with John, we jointly reaffirmed our agreement to work together. McAfee will not be EDC’s chief security officer but a senior advisor in the company’s newly created Security Advisory Committee, starting immediately,” said Horlacher in a statement.

In an email statement given to the company which was included in the press release, McAfee said: “I regret the confusion…As we had discussed, I advise multiple boards of directors for companies in the cybersecurity field. I do this because the World’s cyber defense systems lag far behind existing weaponized software and if we do not all pull together then I fear that mankind’s future is uncertain at best. After our phone discussion this morning I have relented and will continue to advise and assist your board in any manner that my time allows. Please give me no title.”