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Among the biggest crypto billionaires? Hacker claims 170,000 bitcoins fortune

Alex Coin
March 19, 2022
Reading Time: 4 mins read
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What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

A cyber attacker calling himself Gummo claims to have USD $7 billion in BTC. The fortune would place him as the third largest crypto billionaire in the world.

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***

Could it be that a hacker is on the list of the world’s biggest cryptocurrency billionaires?

A hacker who goes by the pseudonym ‘Gummo’ recently claimed to have a fortune of USD $7 billion in Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. , es decir, alrededor de 170.750 bitcoins at current prices. Anonymous anonymity is when something is not known or named. hacker revealed his treasure in an interview with Soft White Underbelly posted on YouTube on March 12.

During the meeting, which follows up on a previous 2020 interview, he said he has more than three decades working in the field. He says it all started in his teens, when he began developing hacking skills. Gummo says he grew up in a low-income household and had a difficult childhood, but found refuge in computers.

For many years to come, used his hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. skills for malicious actions as a means of survival . That is, until authorities busted him for hacking and selling $10 million worth of code. Faced with the threat of jail time for his crimes, Gummo says he vowed to use his knowledge for good by consulting with developers.

A crypto-rich man with an unusual history

Unafraid to hide his face, Gummo also alleges in the video that he has a huge fortune in bitcoins He was not exactly amassing it through piracy. His fondness for technology led him to Bitcoin when the cryptocurrency cost less than $1,000.

As he recounted, around 2013, he built four supercomputers to mine Bitcoin when the asset was priced between $200 and $300. The activity led him to generate more than 80,000 BTC in a matter of a year and a half. Judging by his statements, the hacker must currently hold a figure close refers to the closing price; similar to the same term used in stock trading. to 170,000 BTC. bitcoins .

Soy bastante rico. Yes, I don’t have to work if I don’t choose to. I have over seven billion dollars in Bitcoin.

nothing will impede the simplicity & decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. future #Bitcoin

.
🙂

– Gummo (@GummoXXX) March 8, 2022

If your statements are correct, the Gummo’s wealth would place him among the wealthiest people in crypto space. . According to the list Forbes 400 for 2021 an annual index of the four hundred richest people in the United States based on their net worth, the cyberattacker would be among the top three biggest cryptocurrency billionaires.

Specifically, your bitcoins would put him between second and third on the list, in between the co-founder and CEO of Coinbase is an American company that operates a cryptocurrency exchange platform. Brian Armstrong, whose net worth is $11.5 billion; and Chris Larsen, co-founder ofRipplewith $6 billion. Gummo’s fortune would also rank the relative position of a cryptocurrency by market capitalization. him 369th as the richest person in the world, according to Forbes (2021) .

As for the hacking space, Gummo noted that tactics and mechanisms have evolved as technology has advanced. He believes that the activity of illicitly obtaining data and software can now be used as warfare against people. Also, cyber attackers are pursuing these practices more than ever as a way to make money.

“ The outlook is getting darker and more sinister as more people want to pursue their wealth. Whether cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. theft or traditional theft of banking systems “, comentó.

In this regard, he added that he does not work in hacking for monetary purposes but for the satisfaction that he is helping people protect themselves from evil on the web. After all, he has already raised a large amount of money with crypto alone. Beyond his YouTube channel appearances, information about Gummo is scarce. Perhaps he designed it that way himself. Perhaps there are other sides to the story that we don’t know about. Or maybe his anecdotes are just part of a wonderful fictional story.


  • Satoshi the smallest unit of bitcoin with a value of 0.00000001 BTC. Nakamoto to enter Forbes’ top 20 billionaires in the world
  • Billionaire Bill Miller says he’s “very optimistic” about Bitcoin after Russian ruble crisis
  • Coinbase rewarded $250,000 to hacker who reported vulnerability in its trading platform a place to buy, sell and store cryptocurrency

Sources: YouTube , Cointelegraph , Tweak Town

Article by Hannah Estefania Perez / DiarioBitcoin

Imagen de Unsplash

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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