The Colonial Pipeline Hack, The 'Russians', & The FBI's Ransom-Grab - What Really Happened? | WHAT REALLY HAPPENED

The Colonial Pipeline Hack, The 'Russians', & The FBI's Ransom-Grab - What Really Happened?

Speculation has been running rampant over today's FBI press conference revealing the recovery of most of the ransom paid to "Russian" hackers by Colonial Pipeline.

Ben THE Kaufman summarizes:

Media: "The FBI hacked Bitcoin and can take anyone's funds."

Reality: The pipeline hackers didn't have the Bitcoin in the first place but kept it in a remote server the FBI could access with subpoena.

Media coverage is mostly lies at this point.

Which raises the following point (h/t Jordan Schachtel):

So the "hackers" brought down the largest pipeline on the east coast...

...but couldn't spend 50 bucks on a clean hardware wallet to secure their bitcoin?

Makes sense to me!

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