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25 June 2021

FBI Seizes 63.7 Bitcoin Allegedly Tied To Colonial Pipeline Hack Ransom

FBI Seizes 63.7 Bitcoin Allegedly Tied To Colonial Pipeline Hack Ransom


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The FBI has seized 63.7 bitcoin that are allegedly part of a ransom paid by Colonial Pipeline to hacker group DarkSide.

Department of Justice, the Federal Bureau of Investigation (FBI) has seized 63.7 BTC which allegedly represent the proceeds of a ransom payment made by Colonial Pipeline to hacker group DarkSide.

The 63.7 bitcoin seized allegedly represent part of a ransom payment made by Colonial Pipeline, the largest pipeline system for refined oil products in the U.S., after the company fell victim to a ransomware attack authored by hacker group DarkSide.

The bureau was then allegedly able to identify that 63.7 BTC from the ransom payment had been transferred to a specific address, for which the FBI has the private key, and is, therefore, able to spend — or in this case seize — those funds.

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