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Monday, June 21, 2021

Crypto’s dark underbelly exposed in ransomware attack, U.S. senator says By Cointelegraph

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Crypto’s dark underbelly exposed in ransomware attack, U.S. senator says

United States lawmakers have deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks that befell U.S. institutions in the past month, and opinions appear to be mixed.

The largest fuel pipeline in America was brought to a halt in early May when hackers infected the computer networks of Colonial Pipeline. Food packing company JBS was hit with a similar attack. Colonial Pipeline has since paid a reported $4.4 million in ransom.