Federal officials with a United States government task force have managed to recover over $2 million in crypto paid by Colonial Pipeline to the DarkSide Hacking Group that choreographed a devastating ransomware attack that crippled the East Coast oil pipeline, the Department of Justice announced on June 7.<\/p>\n
Colonial Pipeline paid a staggering $4.4 million in bitcoin to the Russia-based hacker ring to regain control of its systems which had ceased operating for close to a week last month. At the time, the firm was forced to stop the transportation of fuel across the US East Coast \u2014 subsequently causing oil shortages in several US states.<\/p>\n
Speaking during a press conference on Monday, Deputy Attorney General Lisa Monaco indicated that Colonial Pipeline contacted lawforcement, allowing the U.S. task force to retrieve the bitcoin. This ransomware task force was created by the DoJ. \u201cToday we turned the table on DarkSide. The Department of Justice has found and recovered the majority of the ransom paid,\u201d<\/em> Monaco said.<\/p>\n Monaco further posited:<\/p>\n \u201cThe sophisticated use of technology to hold businesses and even whole cities hostage for profit is decidedly a 21st century challenge, But the old adage \u2018follow the money\u2019 still applies. And that\u2019s exactly what we do.\u201d<\/em><\/p>\n Documents filed with the U.S District for the Northern District of California indicate that the government seized 63.7 BTC ($worth 2.3 million) out of the 75 BTC that was paid to the hackers. The recovered bitcoin was transferred to an address whose private key is in the possession of the FBI. <\/p>\n