As the cryptocurrency market matures and expands, there is an increase in frauds, phishing schemes, stolen wallets, and hacking on the same scale. Working very cleverly in these criminal domains, hackers are becoming some of the world’s wealthiest people. Furthermore, the entire crypto market is abuzz with excitement over the monetary worth of these hackers.
Gummo, a former blackhat hacker, is one of the hackers who revealed in a video that he possesses more than $7 billion in Bitcoin. According to calculations, the worth of his wallets is roughly 150,000 individual coins. Gummo’s interview with Soft White Underbelly is now trending on social media, with millions of views since its debut on March 12th.
Surprisingly, Gummo revealed the current value of his digital assets in his first interview on a documentary series channel on YouTube. Following the publication, all viewers were startled by his live incidents of how he became a hacker and has been hacking for the past 30 years.
Moreover, on his first appearance, Gummo told the narrative of how he became a hacker after overcoming numerous hurdles in his life. Furthermore, Gummo discusses his passion for computers and how he instilled a set of hacking techniques that he used for many unlawful objectives during his adolescence.
Gummo has publicly stated his thoughts on hacking.
“At present I am quite rich and wealthy. And, yes I don’t have to work until I choose too. Besides, I have more than $7 billion worth of bitcoins.”
According to CoinMarketCap, the current market value of Bitcoin is $39,228.98, a 1.78 percent increase in the last 24 hours. As a result, according to the current BTC value, Gummo currently owns 179,863 Bitcoins.
Since this number of frauds, hacks, and thefts in the crypto business grows, laws are getting increasingly stringent, with some calling for cryptocurrency bans. To be honest, the number of cybercrimes has increased in recent months.
Despite his hacking abilities, Gummo is rated as the 369th richest guy in the world’s billionaire list, because to his valuable wealth in digital currencies.