Former blackhat hacker Gummo says he has around $7 billion worth of Bitcoin. It’s roughly 179 000 BTC coins.
Before being caught by authorities for illicit activities, Gummo has been hacking for more than 30 years.
After his adjudication, the hacker came from black to white and started doing cybersecurity, threat hunting, and developer consulting.
A few years ago Gummo said he built several supercomputers for Bitcoin mining in 2013. At that time BTC traded for $200-$300.
The hacker mined more than 80 000 BTC within a year and a half. And now he claims to have roughly 179 000 BTC, which is around $7 billion.
“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”, – Gummo said.
If that is true, Gummo has to be at 369th position of the richest person globally according to Forbes’ 2021 world’s billionaires list. The hacker says that his work now is not motivated by the money. So he helps to protect people from “online evil”.
“Knowing that I’m preventing someone’s grandmother from being a victim of some sort of cyber extortion scheme, that’s the thing I get up for each day and those are the things that motivate me currently”, – he said.