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    Home » Coinbase Refutes Claims It Helped US Team to Seize Ransom from Colonial Hackers
    Crypto News

    Coinbase Refutes Claims It Helped US Team to Seize Ransom from Colonial Hackers

    June 9, 20211 Min Read
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    Coinbase Refutes Claims
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    Coinbase has denied rumors that it helped the US agencies to seize bitcoin worth $2.3 million paid to Colonial Pipeline hackers.

    • Coinbase said it was not a target of the warrant and did not get any portion of the ransom as claimed.
    • Coinbase also said the funds did not go through its wallet, even as the exchange faced an outcry from its users and bitcoin fans.
    • US authorities are yet to disclose the private key that allowed them to access the hackers’ digital wallet.

    The seized $2.3 billion ransom was a portion of $4.3 million paid to the hackers who shut down the Colonial Pipeline.

    COIN: NASDAQ is up 1.23% on premarket.

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