How U.S. Recovers Most of Colonial Pipeline’s Bitcoin Ransom

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  • Bloomberg Technology published this video item, entitled “How U.S. Recovers Most of Colonial Pipeline’s Bitcoin Ransom” – below is their description.

    Jun.08 — Alexis Bianchi, global lead at Elliptic, a provider of blockchain analytics for cryptoasset compliance, shares insights into how the U.S. government has been able to recover most of the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial Pipeline Co. He also discusses concerns about Bitcoin’s technical breakdown as well as evidence that crypto isn’t beyond government control, following the recovery of the ransom. Bianchi speaks to Emily Chang on “Bloomberg Technology.”

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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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