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US Recovers BTC Paid to Colonial Pipeline Hackers: Report

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US Recovers BTC Paid to Colonial Pipeline Hackers: Report

Federal authorities have recovered BTC paid by Colonial Pipeline to resolve a $4.4 million ransomware attack, according to a report by CNN.

Colonial, which runs an East Coast oil pipeline, was the victim of a cyberattack on May 7 that shut down operations for nearly a week. CEO Joseph Blount paid $4.4 million in BTC to buy a decryption tool from the hackers that allowed Colonial to take back control of the company’s systems.

According to the CNN report, which cites anonymous sources, the Justice Department will make an announcement with further details regarding the operation today.

This news is breaking and will be updated as more information becomes available.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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