Doc7505
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- Feb 16, 2016
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U.S. Recovers $2.3 Million From Colonial Pipeline Ransomware Attack
U.S. seizes $2.3 mln in bitcoin paid to Colonial Pipeline hackers - NewsBreak
The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the most disruptive U.S. cyberattack on record. Deputy Attorney General Lisa Monaco said investigators had seized 63.7 bitcoins, now valued at...
www.newsbreak.com
(Posted by Reuters)
The U.S. Justice Department on Monday said it recovered some $2.3 million worth of cryptocurrency from the Colonial Pipeline Co ransomware attack.
U.S. Deputy Attorney General Lisa Monaco said investigators had seized 63.7 Bitcoins, now valued at about $2.3 million, paid by Colonial (COLPI.UL) after last month's hack that led to massive shortages at gas stations along the East Coast just as the summer driving season began.
The Justice Department has "found and recaptured the majority" of the ransom paid by Colonial, Monaco said. Colonial Pipeline had said it paid the hackers nearly $5 million to regain access.
Comment:
Meanwhile it's been estimated that the real payoff was $5 million.
Hmm..., Did "Darkside" forget to kickback the 10% to the "Big Guy"?
DOJ said they recovered “most of it” so don't worry, I'm pretty sure the “big guy” got his 10%.
There goes my faith in Bitcoin. I thought transactions were supposed to be impossible for governments to trace much less reverse.
I've been skeptical of claims that bitcoin transactions were untraceable, because don’t we leave a footprint or trail on the internet, with everything we do online? I didn’t understand, how would dealing with Bitcoin on the internet be any different from any other internet transaction which can be searched and retrieved?
THen there's corporation responsibility for their data.
It used to be that important data was downloaded and stored separately. I guess that was done away with by corporations using the "Cloud".
Seems that keeping to separate servers not connected to each other is no longer used by most corporations and this is an achilles heel.
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