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Cyber Security

DoJ seized $2.3 million paid to the Colonial Pipeline ransomware extortionists

The Department of Justice has seized 63.7 bitcoins currently valued at approximately $2.3 million. These funds allegedly represent the proceeds of a May 8, ransom payment to individuals in a group known as DarkSide, which had targeted Colonial Pipeline, resulting in critical infrastructure being taken out of operation. This bitcoin represents proceeds traceable to a computer intrusion and property involved in money laundering and may be seized pursuant to criminal and civil forfeiture statutes. ‘There is no place beyond the reach of the FBI to conceal illicit funds that will prevent us from imposing risk and consequences upon malicious cyber actors,’ said FBI Deputy Director Paul Abbate.

Source: https://www.helpnetsecurity.com/2021/06/08/colonial-pipeline-ransomware-extortionists/

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