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FBI Recovers Millions Paid By Colonial Pipeline To Russian Hackers

Details are not yet available, but the FBI announced it recovered part of the ransom paid by Colonial Pipeline to the DarkSide. Specifically the $2.3M in Bitcoin paid by Colonial Pipeline.

The ransom recovery, which is the first seizure undertaken by the recently created DOJ digital extortion taskforce, is a rare outcome for a company that has fallen victim to a debilitating cyberattack in the booming criminal business of ransomware.

Colonial Pipeline Co. CEO Joseph Blount told The Wall Street Journal in an interview published last month that the company complied with the $4.4 million ransom demand because officials didn't know the extent of the intrusion by hackers and how long it would take to restore operations.

But behind the scenes, the company had taken early steps to notify the FBI and followed instructions that helped investigators track the payment to a cryptocurrency wallet used by the hackers, believed to be based in Russia.

 
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