Exchange collapse
Exchange collapses
Structured records of centralised exchanges that failed: customer funds at stake, timelines, bankruptcy proceedings, recovery status. 7 records.
BlockFi Collapse — November 2022
The New Jersey crypto lender filed Chapter 11 sixteen days after FTX, citing direct exposure to FTX and Alameda as the final blow on top of earlier losses to Three Arrows Capital.
$1.30BFTX Collapse — November 2022
The world's second-largest crypto exchange filed for Chapter 11 bankruptcy within nine days of a leaked Alameda balance sheet that revealed commingled customer funds.
$8.00BCelsius Network Collapse — July 2022
The largest centralised crypto lender suspended withdrawals on 12 June 2022 and filed for Chapter 11 a month later, owing approximately $4.7 billion to retail depositors.
$4.70BVoyager Digital Collapse and Bankruptcy in 2022
After Three Arrows Capital defaulted on a roughly $670 million loan, Voyager froze customer activity, entered Chapter 11, and later liquidated, returning about 35.7% of customer claim value.
$670.0MThree Arrows Capital Collapse — June 2022
The 10-billion-dollar crypto hedge fund failed margin calls on leveraged LUNA, GBTC and staked-ETH positions, triggering a cascade through Voyager, Celsius and BlockFi.
$10.00BQuadrigaCX Collapse — January 2019
Canada's largest crypto exchange collapsed after its 30-year-old founder Gerald Cotten was pronounced dead in India in December 2018, leaving sole access to ~$190M in customer funds. Forensic investigation later concluded the exchange had been a Ponzi scheme.
$190.0MMt. Gox Collapse — February 2014
The exchange handling 70 percent of global Bitcoin trading suspended withdrawals, filed for bankruptcy, and disclosed the loss of 850,000 BTC — a recovery that is still being distributed to creditors a decade later.
$450.0M