Report: U.S. Investigators Recover Millions in Cryptocurrency Paid to Colonial Pipeline Cyberattackers

Report: U.S. Investigators Recover Millions in Cryptocurrency Paid to Colonial Pipeline Cyberattackers


The United States government is said to have recovered millions of dollars in cryptocurrency paid as a ransom to the hackers believed to be behind the cyberattack on the Colonial Pipeline Co., the largest pipeline system for oil products in the country.

CNN reports:

The Justice Department on Monday is expected to announce details of the operation led by the FBI with the cooperation of the Colonial Pipeline operator, the people briefed on the matter said. The ransom recovery is a rare outcome for a company that has fallen victim to a debilitating cyberattack in the booming criminal business of ransomware. Colonial Pipeline Co. CEO Joseph Blount told The Wall Street Journal In an interview published last month that the company complied with the $4.4 million ransom demand because officials didn’t know the extent of the intrusion by hackers and how long it would take to restore operations.

“The misuse

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