Tech »  Topic »  US seizes $2.3 million Colonial Pipeline paid to ransomware attackers

US seizes $2.3 million Colonial Pipeline paid to ransomware attackers


The FBI said it has seized $2.3 million paid to the ransomware attackers who paralyzed the network of Colonial Pipeline and touched off gasoline and jet fuel supplies up and down the East Coast last month.

In dollar amounts, the sum represents about half of the $4.4 million that Colonial Pipeline paid to members of the DarkSide ransomware group following the May 7 attack, The Wall Street Journal reported, citing the company's CEO. The DarkSide decryptor tool was widely known to be slow and ineffective, but Colonial paid the ransom anyway. In the interview with the WSJ, CEO Joseph Blount confirmed that the shortcomings prevented the company from using it and instead had to rebuild its network through other means.

Cutting off the oxygen supply

On Monday, the US Justice Department said it had traced 63.7 of the roughly 75 bitcoins Colonial Pipeline paid to DarkSide ...


Copyright of this story solely belongs to arstechnica.com . To see the full text click HERE