The New Paper

May 14, 2021

Colonial Pipeline reportedly pays hackers ~$5M ransom

Colonial Pipeline reportedly paid hackers a ~$5M ransom in Bitcoin to recover its systems after facing a cyberattack last week. Meanwhile, the pipeline operator continues to ramp up operations (after restarting on Wednesday). Several states in the Southeast still face a supply crunch after the outage sparked panic buying.
This story is from the May 14, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.