Colonial Pipeline is an oil pipeline system that is based in Houston, Texas, was subjected to a ransomware attack on May 7th. A fee of 75 Bitcoin($4.4 million at the time) was paid to the hackers of “DarkSide,” a Russian-based criminal organization that claims this attack was only done for the money. The organization in question is believed to have stolen 100 gigabytes of data from company servers the day before the malware attack. This is one of the largest cyberattacks on oil infrastructure in the history of the US. They disrupted nearly half of the East Coast fuel supply, caused gasoline shortages in the SouthEast, in addition to, providing a software application to restore their network that performed poorly.
Not all hope was lost, as a month later, US law enforcement officials announced that they had recovered $2.3 million worth of BTC tokens that were paid. This was done thanks to FBI agents that found a digital wallet that was used to store the payment. This also highlights the effectiveness of reporting to the FBI quickly to mitigate the damage that is caused by bad players. Though President Biden also failed to take any kind of action as the organization is based in Russia, he said he would bring this to the attention of Vladimir Putin.