Colonial Pipeline paid 75 Bitcoin, or roughly $5 million, to hackers.
Colonial Pipeline paid 75 Bitcoin, or roughly $5 million, to hackers. The shutdown of the Colonial Pipeline triggered a cascading crisis that led to a jump in gas prices and panic buying at gas pumps.Credit...Erik S Lesser/EPA, via Shutterstock May 13, 2021, 5:30 p.m. ET Colonial Pipeline paid its extortionists roughly 75 Bitcoin, or nearly $5 million, to recover its stolen data, according to people briefed on the transaction. The payment came after cybercriminals last week held up Colonial Pipeline’s business networks with ransomware, a form of malware that encrypts data until the victim ...