05:09 GMT18 June 2021
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    Earlier Thursday, US President Joe Biden told reporters "no comment" when asked whether he was privy to Colonial Pipeline's alleged multimillion-dollar ransom payment to Eastern European hackers. The payment was reportedly valued between $4 million and $5 million in "difficult-to-trace cryptocurrency."

    Colonial Pipeline announced on Thursday afternoon that the company is continuing to make "substantial progress" in efforts to safely restart its pipeline system and restore the product delivery supply chain. 

    "We can now report that we have restarted our entire pipeline system and that product delivery has commenced to all markets we serve," read the May 13 news release

    The company - headquartered in Alpharetta, Georgia - warned that some customers may experience intermittent service interruptions as the company works to restart operations. 

    Colonial Pipeline's 5,500-mile (8,850-kilometer) system is the largest pipeline for refined oil products in the US. The pipeline system generally transports over 100 million gallons of gasoline, diesel and jet fuel daily. 

    Bloomberg reported earlier on Thursday that Colonial Pipeline did, in fact, transfer nearly $5 million in "difficult-to-trace cryptocurrency" to Darkside - the Eastern European hacking group believed to be behind the malware attack. 

    The transaction allegedly took place just hours after the ransomware hack on Friday, despite reports claiming the company would not entertain extortion fees.  

    Colonial Pipeline's operational update did not mention the alleged multi-million-dollar payout. However, several US agencies, including the Federal Bureau of Investigation, have been in contact with the company.

    Related:

    Biden Wants to Discuss Colonial Pipeline Hack With Putin, But Doesn't Think Russia Was Involved
    Colonial Pipeline Reportedly Paid $5Mln Ransom to Hackers Within Hours of Cyber Attack
    Biden to Monitor US Fuel Supply As Colonial Pipeline Resumes Operations, Psaki Says
    Colonial Pipeline Has No Plans to Pay DarkSide Ransomware Hackers
    Colonial Pipeline Restarts Operations, Will Take 'Several Days' to Resume Normal Service
    Tags:
    cyber security, ransom, gas, hacking, ransomware
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