Bitcoin Plummets Following FBI Seizure of Colonial Pipeline Ransom

On Tuesday, the US Justice Department announced that the FBI successfully seized $2.3 million in bitcoin from DarkSide hackers responsible for the Colonial Pipeline cyber attack, which devastated fuel supplies across the US east coast.

The operation was carried out by the newly formed Digital Extortion Task Force, which supposedly gained access to the private encryption key for the hacker’s bitcoin wallets.

However, the bigger fear is that the feds may have gotten assistance from bitcoin, or the currency exchange that held the funds— either through a subpoena or cooperation.

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