Značka: Whitehat hacker

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

A former blackhat hacker who goes by the name Gummo online claims to have amassed around $7 billion worth of Bitcoin (BTC). Despite a flood of positive comments and posts relating to his interviews with the Soft White Underbelly YouTube channel — which has 3.18 million subscribers — information about Gummo is scarce elsewhere, which could either be by design or suggest that a large pinch of salt may be required when listening to his extravagant claims. He said that he has been working in the field for more than 30 years, and while he started hacking for illicit reasons and got caught by authorities, he has since turned to doing good work — thanks to the support and counsel of his wife — such as threat hunting, cybersecurity and developer consulting. The latest comments came as part of a follow up interview published on March 12, after the initial discussion occurred in late 2020. During the first video, Gummo stated that he built four supercomputers to mine Bitcoin when it was priced at around $200-300 back in 2013, and generated more than 80,000 BTC within a year and half. According to his claims, he has now amassed roughly 179,000 BTC. If his holdings are calculated at current prices that would rank him at around the 369th richest person globally according to Forbes’ 2021 world’s billionaires list: “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. ”nothing will impede the simplicity & decentralized future #Bitcoin .:)— Gummo (@GummoXXX) March 8, 2022Gummo stated that his current work in hacking is not motivated 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 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. Speaking on the dark side of technological advancement, Gummo warned that the hacking has quickly evolved from “having endless 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 transactionsLooking at the response to the both interviews, it appears Gummo is fast becoming a beloved figure due to his back story which includes a difficult upbringing, the loss of loved ones and a significant shift from the dark side of hacking to helping people online. The latest video has 14,000 likes so far and there is an almost endless amount of positive feedback for the figure, while the first video has 144,000 likes and the same sentiment in the comments. “This man has inspired me to pursue cyber security with good intent. I’m a broke teacher, LOVE teaching because it helps students so never focused on the paycheck. Now too old to teach. Considered cyber security as a new career to pay the bills, but Gummo has given more meaning to this career, will now pursue the career to make the world a better place too. Thank you Gummo,” wrote YouTube user “Zim Petrichor.” User “quicklern818” stated that: “I don’t think we’re ever going to see this man again, and in a way, I feel that’s appropriate — he’s like a guardian angel, working behind the scenes and always watching. Sending love to him and his family, and a thank you for all of his hard work.”Comments on Gummo follow up interview: Soft White Underbelly YouTube channel

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Polygon upgrade quietly fixes bug that put $24B of MATIC at risk

Ethereum-based layer two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token MATIC at risk. According to a Dec. 29 blog post from Polygon, the “critical” vulnerability in the network’s Proof-of-Stake (PoS) Genesis contract was first highlighted by two whitehat hackers on Dec. 3 and Dec. 4 via blockchain security and bug bounty hosting platform Immunefi.All you need to know about the recent Polygon network update.✅A security partner discovered a vulnerability✅Fix was immediately introduced✅Validators upgraded the network✅No material harm to the protocol/end-users✅White hats were paid a bounty https://t.co/oyDkvohg33— Polygon | $MATIC (@0xPolygon) December 29, 2021The vulnerability put more than 9.27 billion MATIC at risk that is valued at around $23.6 billion at the time of writing, with the figure representing the vast majority of the token’s total supply of 10 billion. Polygon noted that the bug was resolved at Block #22156660 via an “Emergency Bor Upgrade” to the Mainnet on Dec. 5 at around 7:27 am UTC. The network noted that a “malicious hacker” managed to steal 801,601 MATIC ($2.04 million) before the bug was resolved. The blog post said:“The Polygon core team engaged with the group and Immunefi’s expert team and immediately introduced a fix. The validator and full node communities were notified, and they rallied behind the core devs to upgrade 80% of the network within 24 hours without stoppage.”Polygon stated that the issue was fixed behind closed doors as it follows the “silent patches” policy introduced by the Go Ethereum (Geth) team in November 2020. Under the guidelines, projects or developers report on key bug fixes 4-8 weeks after they go live to avoid the risk of being exploited at the time of patching. According to Immunefi, Whitehat hacker “Leon Spacewalker” was the first to report on the security hole on Dec. 3 and will be rewarded with $2.2 million worth of stablecoins for their efforts, while the second unnamed hacker, referred to as “Whitehat2” will receive 500,000 MATIC ($1.27 million) from Polygon.Related: Here’s how Polygon is challenging the limitations of Ethereum, as told by co-founder Sandeep NailwalPolygon’s co-founder Jaynti Kanani emphasized the network’s ability to promptly resolve the critical bug, noting in the blog post that: “What’s important is that this was a test of our network’s resilience as well as our ability to act decisively under pressure. Considering how much was at stake, I believe our team has made the best decisions possible given the circumstances.”According to data from Coingecko, MATIC is priced at $2.45 and is up 35.1% over the past 30 days despite the current downturn across major crypto assets this month.

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