Top 3 Major Crypto Exchange Bankruptcies

The largest crypto exchange implosions by asset value or user impact, highlighting the volatility of the sector.

The top 3

  1. 1. Mt. Gox (2014): Once handling 70% of all Bitcoin transactions, its collapse involved the loss of 850,000 BTC, worth hundreds of millions at the time. Mt. Gox
  2. 2. FTX (2022): The second-largest exchange globally at its peak, its bankruptcy triggered a massive contagion across the crypto ecosystem. FTX
  3. 3. Celsius Network (2022): A crypto lender and exchange alternative that filed for Chapter 11 bankruptcy with an estimated $1.2 billion hole in its balance sheet. Celsius Network

Sources

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