NZZ: Impact of cyberattacks and systemic risks
2 Aug

In an interview with NZZ, Dr. Paolo Tasca, a researcher from University College London, highlighted the systemic importance and vulnerability of digital currency exchanges like Bitfinex in the Bitcoin network. Bitfinex, a Hong Kong-based exchange, recently experienced a cyberattack, leading to the theft of Bitcoins valued around 70 million Francs. According to Tasca’s study, exchanges like Bitfinex are responsible for more than 80% of the transaction volumes in the Bitcoin network, indicating the substantial risk and potential consequences such breaches hold for the digital currency system.

To get more insights about the impact of such cyberattacks and systemic risks, please refer to the full interview on NZZ.


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