Select Page

$5M Crypto Ransom Paid to Hackers to Restart Colonial Pipeline

$5M Crypto Ransom Paid to Hackers to Restart Colonial Pipeline
Loading...
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

The Colonial Pipeline has begun operating normally again after paying a $5 million ransom in crypto to bad actors who digitally hijacked the pipeline’s controls.

The attack was carried out last week by the hacker group DarkSide. The firm that owns the pipeline initially said that it would not pay hackers.

Crypto ransomsware halts pipeline

However, the pressure to keep fuel going across the Eastern Seaboard forced officials to make the payment, according to sources who spoke to Bloomberg. Ransom payments are generally discouraged by the country’s top law enforcement agencies.

The crypto payment was made hours after the attack, concluding with the hackers providing a decrypting tool to reenable the network. The FBI has said that these hackers are linked to a group called DarkSide, which is likely located in Russia or Eastern Europe.

Ondrej Krehel, chief executive officer and founder of digital forensics firm LIFARS, said that the company had no choice but to make the payment. He even said that $5 million was a relatively small sum,

“Ransom is usually around $25 million to $35 million for such a company. I think the threat actor realized they stepped on the wrong company and triggered a massive government response.”

There hasn’t been too much in the way of updates since the ransom was paid, but it’s likely that the group will offer an update soon enough, if past behavior is anything to go by.

DarkSide — the wannabe Robin Hood?

DarkSide has created quite a stir within the cybersecurity world — not simply for its sophisticated operations but also for its behavior after the attack. The group said that it wants to “make the world a better place.” Such moral dilemmas are proving to be difficult, with U.S. officials also torn over what to do.

To that end, DarkSide has sometimes donated some of the stolen crypto funds to charity. This includes donations to two organizations in October 2020. One of these donations was made to Children International, who later said that it would not keep the tainted funds.

Donation receipt: BBC

The group prefers to target large companies, rendering them non-operative until the ransom is paid. It’s gone so far as to state why it thinks it’s fair to donate to charity,

“We think that it’s fair that some of the money the companies have paid will go to charity. No matter how bad you think our work is, we are pleased to know that we helped changed someone’s life. Today we sended (sic) the first donations.”

The decision to donate to charity has perplexed law enforcement, experts, and victims, as it’s not a common act. One of those attempting to handle these donations is The Giving Block, a crypto platform focused on offering donations to various charities. All the while, more crypto-based donations are being made than ever before.

The post $5M Crypto Ransom Paid to Hackers to Restart Colonial Pipeline appeared first on BeInCrypto.

 

Source: BeInCrypto

 


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now
Loading...

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.es here
Loading...

Categories

Select Sub Category
category
614966f3d56ff
1
1
Loading....

Reviews

All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber

Recent Comments