Cyber Risks · Krebs on Security

Justice Dept. Claws Back $2.3M Paid by Colonial Pipeline to Ransomware Gang

Summary: The U.S. Department of Justice recovered $2.3 million in Bitcoin that Colonial Pipeline paid to DarkSide ransomware operators after a May 7 attack, out of a 75 Bitcoin (about $4.4 million) payment. The DOJ said law enforcement tracked multiple bitcoin transfers and identified roughly 63.7 bitcoins, representing the affiliate's share of the ransom, at an address for which the FBI holds the private key.

What's compelling: Elliptic's analysis found 47 victims paid DarkSide a total of $90 million in Bitcoin, an average of just under $2 million per payment - and the FBI's recovery covered only the affiliate's 85% cut, not the developer's 15%, which shows how much ransom money moves through channels law enforcement cannot reach.

Read the original at Krebs on Security ↗

Topics
Cybercrime & Law Enforcement
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