Feds seize $2.3 million in cryptocurrency wallet reportedly used in Colonial Pipeline ransomware attack

The Justice Department seized 63.7 bitcoins worth approximately $2.3 million. Colonial Pipeline company paid $4.4 million in ransom to DarkSide cybercrime gang DarkSide. The FBI seized the wallet after Colonial Pipeline informed the FBI on May 8 of the address it used to make its ransom payment. The targeted seizure of the wallet aims to undercut the current wave of increasingly destructive ransomware attacks, particularly those targeted at highly critical infrastructure such as oil and gas pipelines. FBI said it is deliberately vague regarding how it obtained the private key to avoid tipping off hackers.”]

Source: https://www.csoonline.com/article/3621250/feds-seize-2-3-million-in-cryptocurrency-wallet-reportedly-used-in-colonial-pipeline-ransomware-att.html