Colonial Pipeline supplies almost half of the East Coast’s and South East Coast’s gasoline supply.
- A restarting of the pipeline will in the next few days help restore the flow of gasoline across the Eastern part of the U.S where fuel shortages are abundant. The 5,500-mile Colonial Pipeline, which transports more than 100 million gallons of fuel per day, or almost half of the East Coast’s supply, was taken offline on Friday by a Russian hacking group called DarkSide that demanded $100 million ransom.
- Bloomberg News reported later Thursday, citing two people familiar with the transaction, that Colonial paid the hackers nearly $5 million.
- Once the payment was made, in untraceable cryptocurrency, the hackers gave the pipeline operator a decrypting tool to restore the network, according to the Bloomberg report.
SOURCE – FOXNEWS