Finance

Bitcoin (BTC) price slides as US seizes most of Colonial ransom

0


A banner with the logo of bitcoin is seen during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021.

Marco Bello | AFP | Getty Images

Bitcoin’s price slipped again Tuesday amid a brutal sell-off among digital currencies.

The reason for the move was unclear, however it may be related to concerns over security of the cryptocurrency after U.S. officials managed to recover most of the ransom paid to hackers that targeted Colonial Pipeline.

Court documents said investigators were able to access the password for one of the hackers’ bitcoin wallets. The money was recovered by a recently launched task force in Washington created as…



Source cnbc.com

Lumber executive sees further relief in sky-high prices

Previous article

Job openings set record of 9.3 million as labor market booms

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance