Saudi Press

Saudi Arabia and the world
Thursday, Jun 19, 2025

Millions of dollars in Bitcoin ransom seized from Colonial Pipeline hackers

Millions of dollars in Bitcoin ransom seized from Colonial Pipeline hackers

The pipeline was hacked in May and forced to shut down, causing fuel shortages on the US east coast.

Millions of dollars in Bitcoin paid to hackers after the Colonial Pipeline cyber attack have been recovered by the US government.

The attack prompted the shutdown of the east coast fuel pipeline last month and a $4.4m (£3.1m) payment was made to Russia-based DarkSide attackers.

Officials confirmed on Monday that 63.7 bitcoins, valued at approximately $2.3m (£1.62m), had now been recovered.

The Colonial pipeline runs 5,500 miles from Texas and along the US east coast


Deputy Attorney General Lisa Monaco said: "DarkSide and its affiliates have been digitally stalking US companies for the better part of last year and indiscriminately attacking victims that include key players in this nation's infrastructure.

"Today we turned the tables on DarkSide by going after the entire eco-system that fuels ransomware and digital extortion including criminal proceeds in the form of digital currency.

"We will continue to use all of our tools and resources to increase the costs and consequences of ransomware attacks."

Ms Monaco said it was the first operation by the recently created ransomware and digital extortion task force.

According to an affidavit on Monday, the FBI had obtained a private key to unlock the hackers' Bitcoin wallet

The shutdown caused prices to hit a near seven-year high.


Cyber criminals targeted the Colonial Pipeline - the most important in the US - on 7 May, and the temporary shutdown caused prices to spike to their highest level in nearly seven years.

North Carolina entered a state of emergency and some petrol stations in Virginia ran out of fuel.

People were urged not to panic buy but one video showed two drivers fighting while waiting to fill up.

The pipeline runs from Texas to New York, providing fuel for large parts of the US east coast.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Black Box Recovered from Air India Crash Site
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Global News Roundup: From Ukraine's strategic military strikes and Russia's demands and Tensions Escalate in Ukraine, to serious legal issues faced by Britons in Bali and Trump's media criticism, the latest developments highlight a turbulent landscape
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
×