Colonial Pipeline paid almost $5 million in ransom to hackers last Friday despite reports that said the company had no intention of paying, Bloomberg news reported.

Sources familiar with the matter told Bloomberg that the company paid in untraceable cryptocurrency within hours after the attack. After the hackers received the payment, they provided the operator with a decrypting tool to restore its computer network.

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This comes after The Washington Post reported that Colonial had no plans to pay a ransom, but was working to restore data from the backup system.

The Colonial Pipeline projected on Thursday that it would resume deliveries by midday, after being forced to shut down 5,500 miles of pipeline to contain last Friday's breach. Read more of this developing story at The Hill