While the FBI managing to seize the ransom amount from hacking group Darkside is positive news, it has simultaneously raised concerns over the security of the Bitcoin (BTC) network. On Monday, June 7, the U.S. Department of Justice (DoJ) and the FBI it has managed to seize $2.3 million from the hacking group Darkside which

The post Bitcoin Network’s Security Concerns Raised As FBI Gets Access to Wallet Passwords, BTC Tanks 10% appeared first on Coingape.

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U.S. authorities have successfully recovered a ransom paid in Bitcoin by the company Colonial Pipeline, per a CNN report. In May, a cyberattack allegedly perpetrated by a Russia-backed hacker group called DarkSide halted the operations of this company. According to the report, Colonial Pipeline controls around 45% of the fuel for the U.S. East Coast. […]

TL;DR Breakdown FBI recovers ransom paid to pipeline hackers How hackers hit colonial pipeline The FBI has recovered millions of dollars in cryptocurrency paid in ransom to hackers of Colonial Pipeline. However, they said the Justice Department would reel out details of the recovery operation as ransom recovery is a rare outcome for a company […]

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U.S. officials said Monday that they have recovered "a majority" of the bitcoin funds paid after a ransomware attack against an American pipeline operator.

The post US official says ‘majority’ of bitcoin paid by Colonial Pipeline after ransomware attack has been recovered appeared first on The Block.

Colonial Pipeline paid $4.4 million in Bitcoin to resolve a ransomware attack.

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El Salvador’s president wants to propose a bill that would make Bitcoin legal tender alongside the US dollar.