US officials recover $2.3M in crypto from Colonial Pipeline ransom

US officials recover $2.3M in crypto from Colonial Pipeline ransom

Officials with a United States government task force have seized more than $2 million in crypto used to pay for ransom following an attack on the Colonial Pipeline system. 

In a Monday press conference, Deputy Attorney General Lisa Monaco said that the task force “found and recaptured” millions of dollars worth of Bitcoin (BTC) connected to Russia-based DarkSide hackers, the majority of the $4.4 million funds originally paid. The Justice Department later clarified that authorities had recovered $2.3 million in crypto.

Monaco said this action was the first major operation in the task force’s mission to investigate, disrupt, and prosecute ransomware attacks:

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“Today, we turned the tables on DarkSide […] By going after the entire ecosystem that fuels ransomware and digital extortion attacks, including criminal proceeds in the form of digital currency, we will continue to use all of our tools and all of our resources to increase the cost and the consequences of ransomware attacks.”

DarkSide’s attack on the major pipeline

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