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Colonial Pipeline ransom recovered


The United States has managed to recover most of the ransom paid by the Colonial Pipeline Company. In May 2021, the eastern USA was left with fuel shortages as a major pipeline was knocked offline by a ransomware attack. The pipeline’s owner, The Colonial Pipeline Company, decided to pay the ransom in order to minimise service disruption. However, US security forces made a major breakthrough with the Colonial Pipeline ransom and managed to recover almost all of the fee, worth around $4.4 million at the time of payment.  Ransomware victims usually receive instruction to pay using cryptocurrencies, especially Bitcoin, which are extremely difficult to trace or recover.