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Bitcoins related to Colonial Pipeline hack are starting to move again. Elliptic claims that someone laundered funds linked to the DarkSide ransomware group. According to a blog post by blockchain forensics firm Elliptic, millions of Bitcoins linked to the infamous Colonial Pipeline hack were moved for the first time in more than five months. Details Cryptocoin. com

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Colonial Pipeline related Bitcoins (BTC)s are in motion

According to the information received, Colonial Pipeline paid a $5 million ransom in Bitcoin after a cyberattack by the DarkSide hacking group disrupted fuel delivery to the US East Coast. Surprisingly, the Federal Bureau of Investigation (FBI) then moved to confiscate the $2.3 million worth of Bitcoin paid to the hackers in June. In May, DarkSide’s servers were hijacked along with crypto assets, and some have suggested the shutdown could be an “exit scam”. On the day that DarkSide allegedly stopped its activitydollar series, $7 million worth of Bitcoin was transferred to another wallet.

After five months of inactivity, the funds are now being sent to different wallets. According to Elliptic, this is a popular way to launder money. Some of these cryptocurrencies have already entered crypto exchanges: “This is a common money laundering technique used to make funds more difficult to trace and to help convert them into fiat currency via exchanges,” the company explained.


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