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Us law enforcement officials said they were able to recover $2.3 million dollar worth of bitcoin paid in the Colonial Pipeline ransom.
During a press briefing, Deputy Attorney General Lisa Monaco said “Today we turned the tables on DarkSide” She explained the money was sized via a court order.
It will be recalled that Colonial Pipeline became a victim of a ransomware attack coordinated and executed by a criminal group known as DarkSide.
During the press briefing FBI Deputy Director Paul Abbate said they were able to identify the virtual currency wallet used by the criminal group.
Using the law enforcement authority, victim fund were seized from that wallet, preventing DarkSide actors from using themPaul Abbate
During the press briefing, the FBI however did not say specifically how they were able to access the bitcoin wallet. however, Elvis Chan, the special agent in charge of the operation explained that international cybercriminal organizations at one point or the order may use the US infrastructure in the course of a crime, thereby giving the window for the FBI to trace and possibly capture them.
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The DarkSide, is suspected to be of Russian Origin, the group is known to specialized in Ransomware attacks.
According to reports, Colonial Pipeline paid nearly 5 million dollar ransom to the hackers.
FBI went further to warn the General public that paying ransom to hackers will only encourage them to do more. Colonial Pipeline shut down operations due to the losses.
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