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The FBI likely exploited sloppy password storage to seize Colonial Pipeline bitcoin ransom
The FBI’s breach of a bitcoin wallet held by the cyber criminals who attacked Colonial Pipeline is all about sloppy storage, and not a reflection of a security vulnerability in the digital currency, crypto experts told CNBC. On Monday, the Justice Department reported a successful mission to retrieve $2.3 million in bitcoin paid by Colonial Pipeline to ransomware hackers in April. Court documents indicated that investigators traced bitcoin transaction records to a digital wallet, which they subsequently seized under court order. Officials were then able to access that wallet with something called a “private ... (full story)