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Federal Officials Recover Bitcoin Ransom From Colonial Pipeline Attack

Federal Officials Recover Bitcoin Ransom From Colonial Pipeline Attack



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12 Comments

  1. … they likely couldn’t have recovered that money if it were cash. Maybe cash should attract new regulations, rather than crypto, as cash (particularly USD) finances more crime than crypto could ever hope to.

  2. I’d like to know how this is even possible, you’re telling me these hackers were smart enough to get into the pipeline but too stupid to find a way to receive that ransom money? Sounds fishy.

  3. Lmao how did they seize the wallet? It’s not possible, the best they can do is chainalysis to find it and then blacklist it on exchanges. If the hscmers didn’t immediately swap it for monero then they really are a special kind of stupid though.

  4. tldr; Federal officials have recovered millions of dollars in bitcoin that Colonial Pipeline paid to a criminal outfit during a ransomware attack. The company paid about $4.4 million in bitcoin to the attackers, linked to the Darkside ransomware group, after its payment systems were frozen last month. Ransomware attacks have been on the rise recently, with a number of high-profile and critical infrastructure firms falling victim.{}

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  5. Hospitals, schools local and state governments get no help at all (tax payer monies).

    Koch industries that hold the purse strings to all the republican congressmen, almost instant refund from hackers at expedited speeds from the full resources of the fed.

    Hmmm

  6. uhh what? Am I the only one thinking this will turn out to be very bearish news? Depending on how the news conference goes this could sound like transactions could get reversed to retail and that could get ugly

  7. So the attackers ended up not getting the money they were after? That feels like a positive to me.

    Kind of idiotic for them to not sell the BTC right away

What do you think?

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