Truth or fiction? Popular former hacker claims to have $7B in BTC


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A former blackhat hacker who goes by the title Gummo on-line claims to have amassed round $7 billion value of Bitcoin (BTC).

Regardless of a flood of optimistic feedback and posts regarding his interviews with the Comfortable White Underbelly YouTube channel — which has 3.18 million subscribers — details about Gummo is scarce elsewhere. This might both be by design or counsel that a big pinch of salt could also be required when listening to his extravagant claims.

He mentioned that he has been working within the area for greater than 30 years. Whereas he began hacking for illicit causes and bought caught by authorities, he has since turned to do good work — because of the assist and counsel of his spouse — comparable to menace looking, cybersecurity and developer consulting.

The most recent feedback got here as a part of a follow-up interview revealed on Saturday after the preliminary dialogue occurred in late 2020. Throughout the first video, Gummo said that he built four supercomputers to mine Bitcoin when it was priced at round $200-300 again in 2013, and generated greater than 80,000 BTC inside a 12 months and a half.

Based on his claims, he has now amassed roughly 179,000 BTC. If his holdings are calculated at present costs, that will rank him at across the 369th richest particular person globally, in response to Forbes’ 2021 world’s billionaires list:

“I’m fairly rich. Yeah, I do not need to work if I don’t select to. I’ve over seven billion {dollars} value of Bitcoin. ”

Gummo said that his present work in hacking will not be motivated by the need to have a job or cash, however by serving to the little man, as he emphasised the significance of selecting to do the correct factor and shield folks from on-line evil.

“Understanding that I‘m stopping somebody’s grandmother from being a sufferer of some kind of cyber extortion scheme, that’s the factor I rise up for every day and people are the issues that inspire me at present,” he mentioned.

Talking on the darkish aspect of technological development, Gummo warned that the hacking has rapidly advanced from “having infinite javascript pop-ups” humorously spam PCs to the weaponization of data and software against people:

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

“The fact that governments now are keen to begin a war on just the idea of software being deployed is quite frightening and unfortunately that will be society’s new reality,” he added.

Related: No crypto for criminals: Coinjoin BTC mixing tool to block illicit transactions

Trying on the response to each interviews, it seems Gummo is rapidly turning into a beloved determine as a result of his again story, which features a troublesome upbringing, the lack of family members and a big shift from the darkish aspect of hacking to serving to folks on-line.

The most recent video has 14,000 likes up to now and there’s an nearly infinite quantity of optimistic suggestions for the determine, whereas the primary video has 144,000 likes and the identical sentiment within the feedback.

“This man has impressed me to pursue cybersecurity with good intent. I‘m a broke instructor, LOVE educating as a result of it helps college students so by no means centered on the paycheck. Now too previous to show. Thought of cybersecurity as a brand new profession to pay the payments, however Gummo has given extra which means to this profession, will now pursue the profession to make the world a greater place too. Thanks, Gummo,” wrote YouTube consumer Zim Petrichor.

Consumer quicklern818 said that: “I don‘t assume we’re ever going to see this man once more, and in a method, I really feel that‘s applicable — he is like a guardian angel, working behind the scenes and all the time watching. Sending like to him and his household, and a thanks for all of his exhausting work.”

Feedback on Gummo observe up interview: Comfortable White Underbelly YouTube channel