How an oil pipeline hack sent bitcoin prices tumbling

Bitcoin slid

Bitcoin slid more than 10% on Tuesday as news of an FBI seizure of bitcoin funds circulated on social media, exposing a potential security breach in the world’s most “secure” form of payment.

Bitcoin slid to $31,662 on Tuesday morning after the US Department of Justice said the FBI had seized $2.3 million in bitcoin from the ransomware attackers that had taken control of a computer network at Colonial Pipeline—the largest oil and gas pipeline in the United States.

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