Colonial Pipeline Announces System Reset Amid Reports of $5 Million Ransom Payment to Hackers

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Earlier Thursday, US President Joe Biden told reporters “no comment” when asked whether he was privy to Colonial Pipeline’s alleged multimillion-dollar ransom payment to Eastern European hackers. The payment was reportedly valued between $4 million and $5 million in “difficult-to-trace cryptocurrency.”

Colonial Pipeline announced on Thursday afternoon that the company is continuing to make “substantial progress” in efforts to safely restart its pipeline system and restore the product delivery supply chain. 

The company – headquartered in Alpharetta, Georgia – warned that some customers may experience intermittent service interruptions as the company works to restart operations. 

Colonial Pipeline’s 5,500-mile (8,850-kilometer) system is the largest pipeline for refined oil products in the US. The pipeline system generally transports over 100 million gallons of gasoline, diesel and jet fuel daily. 

The transaction allegedly took place just hours after the ransomware hack on Friday, despite reports claiming the company would not entertain extortion fees.  

Colonial Pipeline’s operational update did not mention the alleged multi-million-dollar payout. However, several US agencies, including the Federal Bureau of Investigation, have been in contact with the company.

Sourse: sputniknews.com

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