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Armstrong Williams: Hackers showcase America’s vulnerabilities
By Armstrong Williams 6 hours ago
Armstrong Williams
Among many claimed benefits, cryptocurrencies supposedly offer two significant benefits over fiat currencies: 1) autonomy and 2) discretion. This past week, the U.S. federal government took them both down.
The U.S. Department of Justice issued a press statement that it had seized $2.3 million in cryptocurrency. The seizure was the result of the FBI’s Colonial Pipeline investigation. As a reminder, Colonial Pipeline, the U.S.’s largest pipeline for refined oil products, was the victim of a cyberattack. Against the U.S.’s wishes and policies, Colonial Pipeline paid millions in ransom to retake control of the pipeline.
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