World Economy

Bitcoin Sinks

Bitcoin SinksBitcoin Sinks

Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency, Bloomberg reported. Bitcoin slumped 5.5% against the dollar on Wednesday in Tokyo, bringing its two-day drop to 13%. Prices also sank 6.2% on Monday, although it was not clear if that initial move was related to the hack. Hong Kong-based exchange Bitfinex said Tuesday it halted trading, withdrawals and deposits after discovering the security breach. The exchange said it was still investigating details and cooperating with law enforcement, but acknowledged some bitcoins were stolen from its users.