Bitcoin tumbles 12% after US authorities claw back most of Colonial Pipeline crypto ransom

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points form the article:


 


- Bitcoin tumbles 12% after US authorities claw back most of
Colonial Pipeline crypto ransom


 


- The DOJ's new Ransomware and Digital Extortion Task Force has
recovered most of the Colonial Pipeline ransom.


 


- The task force recovered 63.7 bitcoin or $2.3 million worth of
the $4.3 million ransom.


 


- The FBI declined to specifically say how it seized the funds
from "Darkside" hackers.


 


- recover a digital currency wallet that "DarkSide" hackers used
to collect payment from Colonial Pipeline.


 


- April Falcon Doss, the executive director of the Institute for
Technology Law and Policy at Georgetown Law, told NPR this was "a
really big win" for the government, but noted that no one knows
"whether or not this is going to pave the way for future similar
successes."


 


- Second, President Biden's top tech antitrust advisor was also
revealed to be a bitcoin bull this week. Tim Wu holds between $1
million and $5 million in bitcoin, according to a new financial
disclosure recovered by Politico.


 


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