January 2026
FTX announced the next record date (February 14, 2026) and payment date (March 31, 2026) under its Chapter 11 recovery process.
May 2025
German and Dutch authorities shut down eXch and seized approximately EUR 34 million in crypto tied to alleged laundering activity.
March 2025
The U.S., Germany, and Finland disrupted Garantex infrastructure, seized domains/servers, and unsealed criminal charges against administrators.
March 2025
DMM Bitcoin ended service on March 8, 2025 and transferred customer accounts and assets to SBI VC Trade following the 2024 incident.
February 2025
FTX began initial distributions to convenience-class creditors and published dates for subsequent distribution rounds.
October 2024
Fairdesk announced a permanent closure plan, stopped trading functions in October, and set a final platform closure deadline in November 2024.
August 2024
Genesis said its restructuring became effective and creditor distributions began, completing a major bankruptcy milestone.
July 2024
Yield App announced insolvent liquidation proceedings and suspended platform activity.
June 2024
After the SEC case settlement, Terraform agreed to wind down operations and distribute remaining assets via bankruptcy proceedings.
May 2024
The platform announced a staged shutdown in May 2024, disabled new trades by May 14, and finalized closure by November.
February 2024
Celsius stated that its mobile and web apps were shut down on February 29, 2024 as part of winding down operations after Chapter 11 proceedings.
January 2024
Terraform Labs, the company behind TerraUSD and LUNA, filed for Chapter 11 bankruptcy protection in the United States.
December 2023
SafeMoon filed for Chapter 7 liquidation after U.S. fraud and securities charges against key executives.
December 2023
U.S. authorities announced a guilty plea by Bitzlato's founder and an agreement to dissolve the exchange and forfeit seized assets.
November 2023
Bittrex Global Bermuda announced a voluntary court-supervised wind-down, separate from the U.S. Bittrex bankruptcy estate.
August 2023
Prime Trust and affiliates filed Chapter 11 petitions after being placed into Nevada receivership due to insolvency and operational failures.
July 2023
Multichain said it ceased operations after leadership disruption, loss of control over critical infrastructure, and depleted operating access.
May 2023
Hotbit announced the end of all centralized exchange operations and asked users to withdraw assets before the deadline.
May 2023
Bittrex U.S. filed for Chapter 11 bankruptcy shortly after winding down domestic operations.
March 2023
New York regulators closed Signature Bank and appointed the FDIC as receiver, another major banking failure tied to crypto-era risk exposure.
March 2023
Silvergate announced an orderly wind-down and voluntary liquidation after severe stress across crypto-linked banking activity.
February 2023
Bitcoin ATM operator Coin Cloud filed for Chapter 11 bankruptcy protection in the U.S. after the crypto market downturn.
January 2023
Genesis filed for Chapter 11 bankruptcy after major losses linked to prior market collapses, including 3AC and FTX.
January 2023
U.S. authorities charged the founder of Bitzlato and coordinated international action that effectively took down core exchange operations.
December 2022
Core Scientific announced it filed for Chapter 11 reorganization while continuing operations during restructuring.
November 2022
BlockFi filed Chapter 11 petitions in New Jersey after pausing activity in the immediate aftermath of the FTX collapse.
November 2022
FTX collapsed during a severe liquidity crisis and filed for bankruptcy protection in the U.S. on November 11, 2022.
July 2022
Celsius filed for Chapter 11 bankruptcy after freezing customer withdrawals, transfers, and swaps during market turmoil.
July 2022
Voyager entered Chapter 11 after suspending trading and withdrawals and disclosing a major hole from 3AC exposure.
July 2022
3AC, once a major crypto hedge fund, filed for Chapter 15 protection after liquidation proceedings began in the British Virgin Islands.
May 2022
The UST depeg and LUNA collapse erased tens of billions in value and triggered cascading failures across lenders, funds, and exchanges.
Monthly Coverage Audit (May 2022 - Feb 2026)
Each month was reviewed for major publicly documented shutdown, bankruptcy, liquidation, or law-enforcement takedown events.
- 2026-02: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2026-01: FTX published the next distribution schedule (record date Feb 14, 2026; distribution expected Mar 31, 2026).
- 2025-12: No major new bankruptcy filing verified; monitored ongoing wind-down notices.
- 2025-11: No major new shutdown event verified in this monthly pass.
- 2025-10: No major new shutdown event verified in this monthly pass.
- 2025-09: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2025-08: No major new shutdown event verified in this monthly pass.
- 2025-07: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2025-06: No major new shutdown event verified in this monthly pass.
- 2025-05: eXch infrastructure shut down in a joint Dutch-German operation.
- 2025-04: No major new shutdown event verified in this monthly pass.
- 2025-03: DMM Bitcoin ended service; Garantex infrastructure was disrupted in an international operation.
- 2025-02: FTX commenced initial convenience-class distributions.
- 2025-01: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2024-12: DMM Bitcoin announced transfer and shutdown path that led to the March 2025 service end.
- 2024-11: LocalMonero and AgoraDesk reached final closure phase.
- 2024-10: Fairdesk announced permanent shutdown steps and closure timeline.
- 2024-09: No major new shutdown event verified in this monthly pass.
- 2024-08: Genesis restructuring became effective and creditor distributions began.
- 2024-07: Yield App announced insolvent liquidation proceedings.
- 2024-06: Terraform Labs settlement included operational wind-down commitments.
- 2024-05: LocalMonero and AgoraDesk announced staged wind-down.
- 2024-04: No major new shutdown event verified in this monthly pass.
- 2024-03: No major new shutdown event verified in this monthly pass.
- 2024-02: Celsius stated its apps were shut down as dissolution work continued.
- 2024-01: Terraform Labs filed for Chapter 11 in the U.S.
- 2023-12: SafeMoon filed Chapter 7; Bitzlato founder plea included exchange dissolution terms.
- 2023-11: Bittrex Global Bermuda announced voluntary court-supervised wind-down.
- 2023-10: No major new shutdown event verified in this monthly pass.
- 2023-09: No major new shutdown event verified in this monthly pass.
- 2023-08: Prime Trust filed Chapter 11.
- 2023-07: Multichain announced cessation of operations.
- 2023-06: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2023-05: Hotbit ended CEX operations; Bittrex U.S. filed Chapter 11.
- 2023-04: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2023-03: Silvergate announced voluntary liquidation; Signature Bank was closed by regulators.
- 2023-02: Coin Cloud filed Chapter 11 bankruptcy protection.
- 2023-01: Genesis filed Chapter 11; Bitzlato takedown action was announced by U.S. authorities.
- 2022-12: Core Scientific filed Chapter 11 reorganization.
- 2022-11: FTX and BlockFi filed for bankruptcy protection.
- 2022-10: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2022-09: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2022-08: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2022-07: Celsius, Voyager, and Three Arrows Capital each entered bankruptcy proceedings.
- 2022-06: No major new shutdown or bankruptcy announcement verified in this monthly pass.
- 2022-05: TerraUSD and LUNA collapsed and triggered broad contagion across the sector.