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Colonial Pipeline Pays Hackers Ransom in 'Untraceable Cryptocurrency'
Colonial Pipeline, the company responsible for providing much of the U.S. east coast's gas supply, shelled out almost $5 million in "untraceable cryptocurrency" to the hackers who took down its network last week, according to a report from Bloomberg which cited anonymous sources. Georgia-based Colonial operates a crucial pipeline for gasoline and jet fuel delivery in the U.S.—it was forced to shut down after the ransomware attack, creating fuel shortages across the Southeast. Reports earlier this week suggested the company wasn’t planning on paying a ransom, but Bloomberg’s report said Colonial made the ... (full story)