Although hacking is a notorious phrase in the cryptocurrency field, with scams, phishing attempts, and stolen accounts, it begs the question of how much bitcoin some of these hackers really have.
According to a recent interview with Soft White Underbelly published on March 12, an anonymous hacker known as Gummo recently stated that he had more than $7 billion in Bitcoin, which equates to around 150,000 individual coins.
Thus, according to Forbes World’s billionaire list of the wealthiest in 2021, the hacker’s acquired fortune in the main digital asset would place him as the 369th richest person in the world.
Gummo made his debut appearance on the Soft White Underbelly YouTube channel in December 2020, when he discussed his childhood and how he became a hacker for more than 30 years.
Gummo describes how he overcame these obstacles by developing an interest in computers and eventually developing a set of hacking skills, which he exploited for malicious reasons in order to survive his teenage years.
According to Gummo’s claims during the interview, he possesses more than $7 billion in Bitcoin, which translates to 179,863 Bitcoins at the current price of slightly under $39,000 as of March 15.
“I’m fairly well-off. Yes, I am not required to work if I do not choose to. I own Bitcoin worth more than $7 billion.”
Gummo utilises his hacking abilities for good, although he emphasises that crypto theft is a problem. “The environment is becoming darker and more dangerous as more individuals pursue their fortune, whether via bitcoin theft or regular banking system theft,” the hacker said.
It’s worth noting that crypto scammers’ rug pulled’ $2.8 billion in 2021, over $7 million per day, while the US Department of Justice (DoJ) confiscated and recovered over 94,000 Bitcoins worth $3.6 billion stolen from crypto exchange Bitfinex in 2016 as part of the largest-ever crypto theft this year.