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Comparison

FTX Collapse — November 2022 vs Celsius Network Collapse — July 2022

FTX Collapse — November 2022Celsius Network Collapse — July 2022
TypeExchange collapseExchange collapse
Statusresolvedresolved
Date
Funds affected$8.00B$4.70B
Users impacted1.0M600K
Funds recovered118.00%67.00%
Timeline depth13 steps8 steps
Resolution gap1.4 years2.8 years

Structural failures — overlap and differences

Only FTX Collapse — November 2022

  • No Proof Of Reserves
  • Self Token Collateral

Shared

  • Commingled Funds
  • Single Point Of Control
  • Auditor Inadequacy

Only Celsius Network Collapse — July 2022

  • Unsustainable Yield Subsidy