Colonial Pipeline Paid $5M Ransom in 'Difficult-to-Trace' Crypto: Report
Main page News, US Market, US, Crypto Market

Colonial Pipeline has reportedly paid $5 million to the DarkSide hackers group, Bloomberg reports, citing people with the transaction. The ransom was paid in the so-called "difficult-to-trace cryptocurrency" within hours after the attack.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

It remains unknown whether the Georgia-based fuel pipeline operator paid in monero (XMR), the well-known privacy-focused cryptocurrency, or not. Bloomberg's source also said that US government officials are aware that the company made the payment.

Hackers Steal $30M From Liquidity Platform Spartan Protocol

After Colonial made the payment, it received a decrypting tool to restore its disabled computer network. Colonial suffered a malware cyberattack that triggered a shutdown of their operations on May 7, 2021. In January this year, Bittrex delisted all the privacy-focused cryptocurrencies from its platform, including zcash (ZEC) and dash (DASH). The official reason behind the listing remains unknown.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error