Reclaiming stolen bitcoin

Post Reports

The Washington Post

Daily News, Politics, News

4.4 • 5.1K Ratings

🗓️ 8 June 2021

⏱️ ? minutes

🔗️ Recording | iTunes | RSS

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Summary

The Justice Department strikes back against hackers who carried out a lucrative ransomware attack last month. And what President Biden hopes to get out of his meeting with the Group of Seven.

In May, hackers extorted millions of dollars in bitcoin from Colonial Pipeline through a ransomware attack. Now, the Justice Department has broken into the hackers’ virtual wallet, effectively wiping out their profits from the scheme. Cybersecurity reporter Joseph Marks takes us through the cat-and-mouse game.

The first foreign trip of Biden’s presidency will take him to Britain to meet with leaders of the Group of Seven nations. As columnist Ishaan Tharoor explains, the allies are hoping to have a smooth — even boring — gathering now that Donald Trump is no longer in attendance.

Transcript

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0:00.0	From the newsroom of the Washington Post,
0:07.0	Hey, it's Ross Helderman from the Post calling.
0:10.0	How are you?
0:11.0	He there, it's Simon from the Post.
0:13.0	Hey, it's Dave Farron from the Post.
0:15.0	Have you got a seat?
0:16.0	This is Post Reports.
0:17.0	I'm Martine Powers.
0:21.0	It's Tuesday, June 8th.
0:25.0	Today, ramping up the fight against ransomware attacks,
0:29.0	and why President Biden wants to make diplomacy boring again.
0:39.0	Good afternoon.
0:41.0	Thank you all for being here.
0:43.0	Today, the Department of Justice is announcing
0:46.0	a significant development in the ransomware attack on the Colonial Pipeline.
0:52.0	I'm joined today by FBI Deputy Director Paul O'Neill.
0:55.0	On Monday, the Department of Justice announced a big win against hackers
0:59.0	who targeted a pipeline last month.
1:02.0	The Department of Justice has found and recaptured the majority
1:06.0	of the ransom colonial paid to the dark side network
1:10.0	in the wake of last month's ransomware attack.
1:15.0	Federal agents reclaimed millions of dollars in Bitcoin.
	...

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