Truth or fiction? Popular Former Hacker Claims to Have $7 Billion in BTC

A former blackhat hacker by the name of Gummo online claims to have collected about $7 billion worth of Bitcoin (BTC).

despite a flood from positive comments and reports related to his interviews with the Soft White Underbelly YouTube channel – which has 3.18 million subscribers – information about Gummo is scarce elsewhere, which could be either by design or suggesting that a big pinch of salt may be needed when using it. listen to his extravagant claims.

He said he has been working in the field for over 30 years, and although he started hacking for illegal reasons and was caught by the authorities, he has since turned to good work – thanks to his wife’s support and advice – such as threat detection, cybersecurity and developer advice.

The final comments came as part of a follow-up interview published on March 12, after the first discussion took place in late 2020. During the first video, Gummo stated that he had built four supercomputers to mine Bitcoin while the price was around $200-300. in 2013 and generated over 80,000 BTC within a year and a half.

According to his claims, he has now collected about 179,000 BTC. If his holdings are calculated at current prices, that would be a ranking it at approximately the 369th richest person worldwide according to the Forbes list of billionaires in 2021:

‘I am quite rich. Yes, I don’t have to work if I don’t want to. I have over seven billion dollars worth of Bitcoin. †

Gummo stated that his current work in hacking is motivated not by the desire to have a job or money, but by helping the little guy as he emphasized the importance of choosing to do the right thing and protect people. against online evil.

“Knowing that I’m preventing someone’s grandmother from falling victim to some sort of cyber extortion scheme is what I stand up for every day and those are the things that motivate me right now,” he said.

Speaking about the dark side of technological advancements, Gummo warned that hacking has quickly evolved from “having endless javascript popups” humorously spamming PCs to weaponizing data and software against humans:

“The landscape becomes darker and more sinister as more people seek their wealth. Whether it is theft of cryptocurrency or traditional theft of banking systems.”

“The fact that governments are now all too eager to start a war against just the idea of ​​software being deployed is quite frightening and unfortunately that will be the new reality of society,” he added.

Related: No Crypto For Criminals: Coinjoin BTC Mixing Tool To Block Illegal Transactions

Looking at the reactions to both interviews, it seems that Gummo is fast becoming a much-loved figure because of his backstory, which includes a difficult upbringing, the loss of loved ones and a significant shift from the dark side of hacking to helping people. includes online.

The latest video has 14,000 likes so far and there is an almost endless amount of positive feedback for the rating, while the first video has 144,000 likes and the same sentiment in the comments.

“This man inspired me to pursue cybersecurity with good intentions. I’m a broke teacher, LOVE teaching because it helps students, so never focused on the salary. Too old to teach now. Considered cyber security as a new career to pay the bills, but Gummo has given more meaning to this career and will now pursue the career to make the world a better place too. Thanks Gummo,” wrote YouTube user “Zim Petrichor.”

User “quicklern818” stated: “I don’t think we’ll ever see this man again, and in a way I think it’s appropriate – he’s like a guardian angel, working behind the scenes and always watching. I send him and his family love And thanks for all his hard work.”

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