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Tuesday

22 June 2021

U.S. Recovers Millions Paid In Bitcoin For Pipeline Ransomware

U.S. Recovers Millions Paid In Bitcoin For Pipeline Ransomware


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authorities have successfully recovered a ransom paid in Bitcoin by the company Colonial Pipeline, per a CNN report.

Deputy National Security Advisor Anne Neuberger claimed that Bitcoin and cryptocurrencies “enable” this type of crime.

Another representative from the Department of Justice (DOJ) claimed that the funds were seized from a Bitcoin wallet.

For example, the authorities claimed to have the hacker’s Bitcoin wallet password.

The official report only states that the ransom was transferred to a “specific address, for which the FBI has the private key”.

Available information appears to rule out the possibility of the Feds obtaining a BTC wallet private keys, the hackers might have utilized a centralized exchange as custodian of the ransom.

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