List of failed exchanges

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Trusted Third Parties are security holes. this lesson needs to be learnt and relearnt constantly. Banks, custodians, exchanges and any institution that you trust to hold your keys for you can fail and lose your Bitcoin in the process. This has happened many times. Here is a list of some of the most famous exchanges to fail, be hacked, etc.

Remember: Not your keys, not your Bitcoin.


TTP Year failed BTC lost
MtGox 2014 850.000
FTX 2022 150.000
Blockfi 2022 Unknown (insolvency, no hack)
Celsius 2022 Unknown (insolvency, no hack)
QuadrigaCX 2018 76.000
Cryptopia 2019 Unknown (~9% of its BTC holdings taken)
Bitgrail 2018 0 (loss was 17m Nano)
Youbit 2017 ~4.000 (Apr 2017 hack; Dec 2017 loss not published in BTC)
Einstein 2017 Unknown (no hack; receiver appointed)
Cointed 2018 Unknown (mostly fiat losses)
Bitcoinica 2012 43.000
Vircurex 2014 1.454 (2013 hack)
Coin.mx 2015 0 (shut down by US prosecution)
BTC-e 2018 Unknown (seized by US; no customer-loss figure)
Cryptsy 2016 13.000