Exchange Graveyard
7 ARTICLESDead exchanges, stolen funds, and broken promises. Where centralized trust went to die.
Mt. Gox: The Exchange That Lost Everything
Handled 70% of all Bitcoin trades. Lost 850,000 BTC. Creditors have been waiting 12 years. Some are still waiting.
BTC-e: The Exchange That Laundered $4 Billion
Laundered $4 billion. Washed the Mt. Gox stolen Bitcoin. The operator pled guilty in the US. Then Trump sent him home to Russia.
QuadrigaCX: The Dead CEO's Missing $190 Million
The CEO 'died' in India with the only passwords. $190M vanished. The conspiracy theories have never stopped.
Cryptopia: Hacked, Liquidated, Forgotten
A small exchange got hacked, went into liquidation, and accidentally set legal precedent on who owns crypto.
FTX: From $32 Billion to Bankruptcy in 10 Days
A $32 billion exchange collapsed in 72 hours. Its founder got 25 years. Creditors are getting 119% back. Make it make sense.
Celsius: 'Unbank Yourself' Into Bankruptcy
'Unbank yourself' was the slogan. Then 1.7 million people got a lesson in why banks have regulations. The CEO got 12 years.
Voyager Digital: The Broker That Bet It All on 3AC
Publicly traded. 'FDIC insured.' Lent $650M to one hedge fund. It wasn't insured. The hedge fund blew up.