Colonial Pipeline Hack Explained 🚨

On May 7, 2021, Colonial Pipeline, an American oil pipeline system that originates in Houston, Texas, and carries gasoline and jet fuel mainly to the Southeastern United States, suffered a ransomware cyberattack that impacted computerized equipment managing the pipeline.

In response, Colonial Pipeline Company halted all of the pipeline's operations to contain the attack. Colonial Pipeline paid the requested ransom (75 bitcoin or nearly $5 million) within several hours after the attack. The hackers then sent Colonial Pipeline a software application to restore their network, but it operated very slowly.[

More About Attack: https://en.wikipedia.org/wiki/Colonial_Pipeline_cyberattack

Facts
---------
DarkSide, the hacker group behind the recent Colonial Pipeline ransomware attack, received a total of $90 million in bitcoin ransom payments before shutting down last week, according to fresh research.

The cybercriminal gang shut down last week after losing access to its servers and as its cryptocurrency wallets were emptied.

Elliptic said that DarkSide’s bitcoin wallet contained $5.3 million worth of the digital currency before its funds were drained last week.