The U.S. Department of Justice (DOJ) made a surprise announcement this week: it was able to recover more than $2 million worth of ransom money Colonial Pipeline paid to a cybercrime gang.
But with the ransom being paid in Bitcoin, how could this happen?
After all, the conventional wisdom is that ransomware gangs demand cryptocurrency so they can move the funds anonymously and with impunity.
In other words, so they don’t get caught. And so the money stays out of the hands of law enforcement.