The daily business briefing: August 3, 2016

Bitcoin value sinks after hackers steal $65 million, auto sales cool after a record 2015, and more

Bitcoins, the digital currency
(Image credit: KAREN BLEIER/AFP/Getty Images)

1. Bitcoin sinks after theft from Hong Kong exchange

Bitcoin fell by 5.5 percent against the dollar in Tokyo on Wednesday after $65 million or more worth of the digital currency was stolen from the exchange platform Bitfinex in Hong Kong. The exchange halted bitcoin trading on Tuesday after discovering the security breach. "The bitcoin was stolen from users' segregated wallets," a Bitfinex executive told Reuters on Wednesday. The theft of 119,756 bitcoin is the second-biggest security breach ever for such an exchange.

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