Colonial Pipeline Hack Isn’t the End for Bitcoin, Say Crypto Experts
- Date: 11-Jun-2021
- Source: Newsweek
- Sector:Financial Markets
- Country:Middle East
Colonial Pipeline Hack Isn’t the End for Bitcoin, Say Crypto Experts
Last month, the U.S. was hit by a cyberattack targeting the Colonial Pipeline—an oil transfer pipe thousands of miles long that carries fuel across the nation.
The pipe's operators were reported to have paid a ransom to the hacking group, known as DarkSide, to end the attack, but not before large parts of the East Coast were left with gasoline shortages.
The ransom, widely reported to have been worth around $5 million, was paid in bitcoin.
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