I am currently running ArcGIS 10.2.2 for Desktop.
I have no other georeferencing issues regarding TIFFs shapefiles, or otherwise.
However, when I introduce a CAD (or DWG) file into the map and attempt to georeference the file with links, ArcMap immediately freezes for a moment and closes out.
If I move the CAD file using shift or scale, there are no issues, only when I attempt to use links.