Empirical Study Examines Bitcoin Risk (video) Southern Methodist University Loading video... Caption Online exchanges that trade hard currency for the cyber money Bitcoin have a 45 percent chance of failing -- often taking customer money with them. A new empirical study into the closure of Bitcoin currency exchanges found that exchanges that buy and sell a high volume of Bitcoins are less likely to shut down but more likely to suffer security breaches. The study analyzed 40 exchanges, said co-author Tyler Moore, Southern Methodist University, Dallas. Higher resolution video at http://bit.ly/17ioGXf. Credit SMUResearch.com Usage Restrictions SMUResearch.com Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.