Beware the Middleman: Empirical Analysis of Bitcoin-Exchange Risk

By Tyler W. Moore, Nicolas Christin. Financial Cryptography, 2013

370 citations recorded by the source corpus.

Subfields: Information Systems, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/79727dbafd6f8bf0ef74057fb8f61c1756b965dc

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Citations in the corpus

SoK: Decentralized Finance (DeFi) (2021, neutral): “, [50], [51], [52]) and the absence of public verifiability of trading activity has resulted in reports of fake trading volume [53], [54], undermining centralized exchanges’ trustworthiness.”
Testing for asymmetric nonlinear short- and long-run relationships between bitcoin, aggregate commodity and gold prices (2018, background): “Yelowitz and Wilson (2015) reveal that computer programming enthusiasts and illegal activity have driven interest in Bitcoin but found no support for political and investment motives.”
Price Fluctuations and the Use of Bitcoin: An Empirical Inquiry (2015, neutral): “The only study that is tangentially related to ours was by Nicolas Christin [35], who examined the operation of Silk Road—an illegal online marketplace.”
Provisions: Privacy-preserving Proofs of Solvency for Bitcoin Exchanges (2015, background): “A number of other exchanges have lost their customers’ Bitcoin holdings and declared bankruptcy due to external theft, internal theft, or technical mistakes [22].”
A fistful of bitcoins: characterizing payments among men with no names (2013, methodology): “’s economic analysis of Bitcoin mining [10], Christin’s study of the Silk Road marketplace [4] and Moore and Christin’s analysis of Bitcoin exchange failures [13].”
Price manipulation in the Bitcoin ecosystem (2018, background): “As reported by Moore and Christin (2013), by early 2013, 45% of Bitcoin exchanges had closed, and many of the remaining markets were subject to frequent outages and security breaches.”
The economics of BitCoin price formation (2014, background): “Such attacks have been frequently occurring in the BitCoin system in the past (Barber et al. 2012; Moore and Christin 2013).”
A Survey on Security and Privacy Issues of Bitcoin (2017, background): “Moreover, a few other exchanges have lost their customers bitcoins and declared bankruptcy due to external or internal theft, or technical mistakes [127].”
Bitcoin - Asset or Currency? Revealing Users' Hidden Intentions (2014, background): “Consequently, Moore and Christin (2012) analyze the main factors which contribute to a default of these exchanges.”
Bitcoin as a Complement to Emerging Market Currencies (2016, background): “Moore and Christin (2013) examined the factors that contribute to the default of a Bitcoin exchange and found that volume and popularity are critical to keeping an exchange intact.”