Although hacking is a notorious term in the cryptocurrency space, with scams, phishing efforts, and stolen accounts, it begs the question of how much crypto some of these hackers really have.
An anonymous hacker by the name of Gummo recently claimed that he owns more than $7 billion worth of bitcoin, which is around 150,000 individual coins in his possession, according to a recent interview with Soft white underbelly published on March 12th.
This would make the hacker the 369th richest person in the world with his accumulated wealth in the flagship digital asset, according to the Forbes World Billionaires List of the Richest in 2021.
How Gum became a hacker
In December 2020, Gummo made his first appearance on Soft White Underbelly’s YouTube channel, where he spoke about his upbringing and how he came to be a hacker for more than 30 years.
Gummo recounts how he overcame these challenges, discovering a fondness for computers and eventually developing a set of hacking talents that he used to nefarious ends to live throughout his teenage years.
According to Gummo’s claims during the interview, he owns more than $7 billion worth of bitcoin, which would equate to owning 179,863 bitcoins at current prices of just under $39,000 as of March 15.
“I’m quite wealthy. Yes, I don’t have to work if I don’t want to. I have over $7 billion worth of bitcoin.”
Regarding hacking, Gummo uses his skills forever but finds crypto theft to be a problem.
“The landscape is getting darker and more sinister as more and more people look to seek their wealth, be it cryptocurrency theft or traditional banking system theft,” the hacker said.
It is worth noting that the crypto scammers carpet ripped off $2.8 billion in 2021, over $7 million daily, while the US Department of Justice (DoJ) stole over 94,000 bitcoins this year 3, US$6 billion seized and recovered stolen from crypto exchange Bitfinex in 2016 as part of the largest crypto heist ever.