FBI Tracked Colonial Pipeline Ransom for Recovery

The FBI managed to track most of the cryptocurrency that Colonial Pipeline used to pay a ransom to hackers who accessed their computer systems, which allowed them to recover most of the money, The Wall Street Journal reports.

An FBI special agent monitored a publicly visible bitcoin ledger, which showed that on May 27, 63.7 of the 75 bitcoins paid to hackers were transferred into a virtual address that the agency was able to gain access to, which allowed them to recover about $2.3 million of the $4.4 million Colonial paid to the hacker group DarkSide. (The value of a Bitcoin has dropped over the past month.)

“You can’t hide behind cryptocurrency,” Elvis Chan, assistant special agent at FBI’s San Francisco field office working the cyber branch, told the Journal.

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