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U.S. recovers millions in cryptocurrency paid to Colonial Pipeline hackers

U.S. investigators have recovered millions of dollars in cryptocurrency paid as a ransom to the cybercrime group responsible for the attack that shut down Colonial Pipeline last month, the Justice Department announced Monday.

Driving the news: Colonial Pipeline CEO Joseph Blount told the Wall Street Journal he authorized a ransom payment of $4.4 million to the DarkSide cybercrime group on May 7th, in an attempt to restore service of the largest refined fuel pipeline in the U.S.


  • The company, however, had notified the FBI and followed instructions to help U.S. investigators track the payment, CNN reported.
  • The federal government has for years recommended that companies do not pay those responsible for ransomware attacks due to fears that the transactions would encourage more groups to conduct future attacks.

The big picture: The attack caused gas stations in least 12 states and the District of Columbia to experience gas shortages.

What they're saying: "Ransomware attacks are always unacceptable, but when they target critical infrastructure, we will spare no effort in our response," said Deputy Attorney General Lisa Monaco.

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Pentagon effectively bans Confederate flag from military installations

The Pentagon effectively banned the display of the Confederate flag on military installations, per a memo signed Thursday by Defense Secretary Mark Esper and obtained by the AP.

Why it matters: The move was done in a way meant to largely avoid President Trump's ire by not explicitly banning it. The memo instead listed flags that are allowed to be displayed on military property, leaving out the Confederate flag.

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Trump plans to declare premature victory if he appears "ahead" on election night

President Trump has told confidants he'll declare victory on Tuesday night if it looks like he's "ahead," according to three sources familiar with his private comments.

  • That's even if the Electoral College outcome still hinges on large numbers of uncounted votes in key states like Pennsylvania.
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Job market optimism among Americans hits 21-year high

Data: The Conference Board; Chart: Axios Visuals

American workers are increasingly optimistic about their options.

Why it matters: Employers are scrambling to find workers as demand for goods and services has been booming.

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Top Biden officials excused from ethics rules to work with major corporations

Top Biden officials have been excused from the ethics rules President Biden boasts about so they can do work involving large Wall Street banks, a leading defense contractor and prominent national media outlets, records show.

Driving the news: At least 16 Senate-confirmed officials have received waivers to ethics laws and regulations, according to an Axios review of their federal ethics paperwork.

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