U.S. recovers $2.3M in cryptocurrency paid in Colonial Pipeline assault

2021-06-08 01:17:46

The U.S. Justice Division on Monday mentioned it recovered some $2.3 million value of cryptocurrency from the Colonial Pipeline Co ransomware assault.

U.S. Deputy Legal professional Normal Lisa Monaco mentioned investigators had seized 63.7 Bitcoins, now valued at about $2.3 million, paid by Colonial after final month’s hack that led to large shortages at fuel stations alongside the East Coast simply because the summer time driving season started.

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The Justice Division has “discovered and recaptured the bulk” of the ransom paid by Colonial, Monaco mentioned. Colonial Pipeline had mentioned it paid the hackers almost $5 million to regain entry.

Final month, a cyber felony group that U.S. authorities mentioned operated from Russia penetrated the pipeline operator on the U.S. East Coast, locking its techniques and demanding a ransom.

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The hack brought about a shutdown lasting a number of days, resulting in a spike in fuel costs, panic shopping for and localized gas shortages within the U.S. Southeast.

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The White Home urged company executives and enterprise leaders final week to step up safety measures to guard in opposition to ransomware assaults after the Colonial assault and later intrusions that disrupted operations at a significant meatpacking firm.


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Commerce Secretary Gina Raimondo mentioned on Sunday the Biden administration was taking a look at all choices to defend in opposition to ransomware assaults and that the subject could be on the agenda when President Joe Biden meets with Russian President Vladimir Putin this month.





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