Deputy Attorney General Lisa Monaco said investigators had seized 63.7 Bitcoins paid by Colonial after last month’s hack of its systems that led to massive shortages at US East Coast gas stations.
The fact that investigators “could trace the untraceable and seize it might be undermining the libertarian, free-of-government-control case,” Jeffrey Halley, a senior market analyst at Oanda, told Bloomberg. The implications of that may have provoked the selling, he said.
Good grief, the entire design of the system is that every transaction, every single coin, can be traced from the Year Dot to today. You may not know who owns it but given time and effort every single one can be tracked.