JBS Paid $11 Million in Bitcoin to Hackers

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  • Bloomberg Markets and Finance published this video item, entitled “JBS Paid $11 Million in Bitcoin to Hackers” – below is their description.

    Jun.09 — JBS USA has confirmed it paid the equivalent of $11 million in bitcoin to hackers that targeted and crippled its business last week. Separately, U.S. regulators have slammed Colonial Pipeline Co.’s cybersecurity practices after it paid $4.4 million in bitcoin in its own ransomware attack. Bloomberg’s Kartikay Mehrotra reports on “Bloomberg Daybreak: Asia.”

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    In This Story: Bitcoin

    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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