IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v32y2025i12p1741-1745.html
   My bibliography  Save this article

Beyond the breach: Bitcoin’s response to exchange-related cyberattacks and closures

Author

Listed:
  • Seung Ah Lee
  • George Milunovich

Abstract

We investigate the influence of digital exchange-related cyberattacks and closures on Bitcoin’s returns and volatility. We observe a negative impact on Bitcoin’s return of 1.368% on the days when the cyberattacks occur, but no significant effect linked to exchange closures. Conversely, exchange closures increase Bitcoin’s volatility, while cyberattacks on digital exchanges do not generate a significant impact. Subsample analysis over the 2012–2018 and 2019–2023 time intervals yields results that are largely consistent with those obtained from the entire sample period.

Suggested Citation

  • Seung Ah Lee & George Milunovich, 2025. "Beyond the breach: Bitcoin’s response to exchange-related cyberattacks and closures," Applied Economics Letters, Taylor & Francis Journals, vol. 32(12), pages 1741-1745, July.
    • Handle: RePEc:taf:apeclt:v:32:y:2025:i:12:p:1741-1745
    DOI: 10.1080/13504851.2024.2316141
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2024.2316141
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2024.2316141?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:32:y:2025:i:12:p:1741-1745. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.