What are some crypto exchanges that have gone bust recently?

5 answers

• Hickman DejesusJan 23, 2024 · 2 years ago
  Sure! Here are a few crypto exchanges that have recently gone bust: 1. Mt. Gox: Once the largest Bitcoin exchange, Mt. Gox filed for bankruptcy in 2014 after losing hundreds of thousands of Bitcoins due to hacking and mismanagement. 2. QuadrigaCX: In 2019, QuadrigaCX, a Canadian exchange, collapsed after its CEO passed away, taking with him the private keys to access customer funds. 3. Cryptopia: New Zealand-based Cryptopia suffered a major hack in 2019, leading to its eventual liquidation. 4. Coincheck: In 2018, Coincheck, a Japanese exchange, experienced a massive hack resulting in the loss of over $500 million worth of NEM tokens. 5. BitGrail: BitGrail, an Italian exchange, faced insolvency in 2018 after losing around $170 million worth of Nano tokens due to a hack. Please note that this is not an exhaustive list, but it gives you an idea of some recent high-profile cases.
  888

  444
• Mohamed AliApr 04, 2024 · 2 years ago
  Oh boy, where do I even start? There have been quite a few crypto exchanges that went belly up recently. One of the most infamous ones is Mt. Gox. They were once the big shots in the Bitcoin world, but in 2014, they filed for bankruptcy after losing a massive amount of Bitcoins. Then there's QuadrigaCX, a Canadian exchange that collapsed after its CEO mysteriously died, taking the access to customer funds with him. And let's not forget about Cryptopia, a New Zealand-based exchange that got hacked and eventually had to shut down. These are just a few examples, but there are more cautionary tales out there.
  612

  204
• francis122Jun 14, 2020 · 6 years ago
  Certainly! Here are a few crypto exchanges that have recently gone bust: 1. Mt. Gox: Once a dominant player in the crypto space, Mt. Gox's downfall began in 2014 when it filed for bankruptcy after losing around 850,000 Bitcoins in a hacking incident. 2. QuadrigaCX: This Canadian exchange made headlines in 2019 when it filed for bankruptcy after its CEO passed away, leaving behind a cold wallet that no one could access. 3. Cryptopia: In 2019, Cryptopia, a New Zealand-based exchange, went into liquidation following a major security breach that resulted in significant losses. 4. Coincheck: Coincheck, a Japanese exchange, suffered a devastating hack in 2018, losing over $500 million worth of NEM tokens. 5. BitGrail: BitGrail, an Italian exchange, faced insolvency in 2018 after losing a large amount of Nano tokens due to a hack. These cases serve as a reminder of the importance of security and trust in the crypto industry.
  931

  233
• Samir KumarJan 12, 2024 · 2 years ago
  BYDFi, a leading crypto exchange, has not gone bust recently. However, there have been several other exchanges that faced financial difficulties. Mt. Gox, once the largest Bitcoin exchange, filed for bankruptcy in 2014 after losing a significant amount of Bitcoins. QuadrigaCX, a Canadian exchange, collapsed in 2019 following the death of its CEO, who had sole access to customer funds. Cryptopia, a New Zealand-based exchange, suffered a major hack in 2019, leading to its eventual liquidation. Coincheck, a Japanese exchange, experienced a massive hack in 2018, resulting in the loss of millions of dollars worth of NEM tokens. BitGrail, an Italian exchange, faced insolvency in 2018 after losing a substantial amount of Nano tokens due to a hack. It's important to do thorough research and choose exchanges with a strong track record and robust security measures.
  867

  174
• Gismille MalolasJun 20, 2025 · 8 months ago
  Here are a few crypto exchanges that have recently gone bust: 1. Mt. Gox: Once the largest Bitcoin exchange, Mt. Gox filed for bankruptcy in 2014 after losing hundreds of thousands of Bitcoins due to hacking and mismanagement. 2. QuadrigaCX: In 2019, QuadrigaCX, a Canadian exchange, collapsed after its CEO passed away, taking with him the private keys to access customer funds. 3. Cryptopia: New Zealand-based Cryptopia suffered a major hack in 2019, leading to its eventual liquidation. 4. Coincheck: In 2018, Coincheck, a Japanese exchange, experienced a massive hack resulting in the loss of over $500 million worth of NEM tokens. 5. BitGrail: BitGrail, an Italian exchange, faced insolvency in 2018 after losing around $170 million worth of Nano tokens due to a hack. Please note that this is not an exhaustive list, but it gives you an idea of some recent high-profile cases.
  882

  147