kaal:claim:3606663-021

Cyber security incidents contribute to the volatility of the digital asset market through a specific channel: consumers instantaneously withdraw their assets from an exchange affected by an incident.

Some indicia suggest that cyber security incidents contribute to the volatility of the digital asset market as consumers withdraw instantaneously their assets from an exchange that has been affected by a cyber security incident, among other reasons for this relationship.

Kaal, Digital Asset Market Evolution (2020), 5. Cyber Security, p. 38
https://ssrn.com/abstract=3606663 · source PDF

Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

• digital asset exchanges affected by cyber security incidents
• author flags other contributing reasons

mechanismsupport: arguedfailure: exchange breach triggers instantaneous withdrawal cascadefamily: systemic-risk-transmissionconsensus-and-securitydefisystemic-riskeconomicsinstitutional-design

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