Deputy Attorney General Lisa Monaco said federal investigators seized 64 bitcoin, valued at roughly $2.3 million, that were allegedly the proceeds from the ransom attack against Colonial Pipeline.
The Justice Department, in conjunction with other federal authorities, on Monday said that the majority of the ransom Colonial Pipeline Co. paid to hackers last month has been recaptured.
On Monday, Colonial Pipeline said in a statement that “the FBI is the premier law enforcement agency in the world and we are grateful for their swift work and professionalism in responding to this event.” The temporary energy-market disruption fueled fears of an extended pipeline shutdown that could have significantly curtailed refinery activity had weighed on nearby oil futures relative to later contracts, analysts said.
Federal investigators said that tracking a virtual-currency wallet helped to lead to reclamation of funds paid by Colonial.
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