Storage tanks at a Colonial Pipeline Inc. facility in Avenel, New Jersey, U.S., on Wednesday, May 12, 2021. Motorists across a broad swath of the U.S. East Coast and South are struggling to find gasoline and diesel as filling stations run dry amid the unprecedented pipeline disruption caused by a criminal hack. (Photo: Bloomberg)

(Bloomberg) — Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, May 7, contradicting earlier reports that said the company had no intention of paying an extortion fee to help restore the country's largest fuel pipeline, according to two people familiar with the transaction.

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