U.S. Reportedly Recoups ‘Millions’ In Cryptocurrency Ransom Paid To Colonial Pipeline Hackers

📆 6/7/2021 4:20 PM

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📆 6/7/2021 4:20 PM
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I cover national politics for Forbes. Previously, I've written for TIME, Newsweek, the New York Daily News and VICE News. I also launched my own startup, Newsreel, a politics news platform for a young audience.

The U.S. government has retrieved “millions” in ransom money Colonial Pipeline Co. paid in cryptocurrency to hackers who shut down the major pipeline and caused a gas shortage on the East Coast last month, CNNWOODBINE, MD - MAY 13: In an aerial view, fuel holding tanks are seen at Colonial Pipeline's DorseyJunction Station on May 13, 2021 in Woodbine, Maryland. The Colonial Pipeline has returned to operations following a cyberattack that disrupted gas supply for the eastern U.S. for days.

In exchange for the payment, Colonial Pipeline received a decryption tool that would allow the company to unlock its hacked servers.

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