Hacker claims to own $7 billion in Bitcoin ranking as the world’s 369th richest

Hacker claims to own $7 billion in Bitcoin ranking as the world's 369th richest
7 months ago
2 mins read

Although hacking is an infamous term in the cryptocurrency space, with scams, phishing efforts, and stolen accounts, it raises the question of how much crypto some of these hackers really have.

An anonymous hacker who goes by the name 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 released on March 12.

Thus, according to Forbes world’s billionaire list of the richest in 2021, this would make the hacker the 369th richest person in the world with his accumulated wealth in the flagship digital asset.

Forbes world’s billionaire list 2021. Source: Forbes

How Gummo became a hacker

In December 2020, Gummo made his first appearance on the Soft White Underbelly YouTube channel, where he spoke about his upbringing and how he came to be a hacker for more than 30 years. 

Gummo tells how he overcame these challenges by establishing a liking for computers and ultimately developed a set of hacking talents, which he used for nefarious purposes in order to live throughout his adolescent years.

According to Gummo’s assertions during the interview, he owns more than $7 billion worth of Bitcoin, which would translate into owning 179,863 Bitcoins at current pricing just below $39,000 as of March 15.

“I’m quite wealthy. Yeah, I do not have to work if I don’t choose to. I have over seven billion dollars worth of Bitcoin.”

Regarding hacking, Gummo uses his skills for good but notes that crypto theft is an issue.

“The landscape is growing darker and more sinister as more people wish to seek their wealthwhether it be cryptocurrency theft or traditional theft of banking systems,” the hacker said.

It’s worth mentioning that, crypto scammers’ rug pulled’ $2.8 billion in 2021, over $7 million daily, while this year 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.

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Jordan Major

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.