EN
Open the app
Get the AIsier app Get it on Google Play

Crypto Exchange Crisis

A large exchange fails or is hacked, as FTX did in 2022: withdrawals stop, customers cannot reach their coins, and selling spreads to every coin as people ask which platform is next.

Asset classes: Crypto

Dated events

  1. · Mt. Gox halts all trading and its website goes offline
    Mt. Gox, once the world's largest Bitcoin exchange, suddenly halted all trading and its website went offline. Days later it filed for bankruptcy, saying about 850,000 bitcoins belonging to customers and the company were missing. This was one of the first major cryptocurrency exchange failures and caused widespread panic among Bitcoin owners.
  2. · Hackers steal about $530 million in NEM coins from Japan's Coincheck
    Japanese cryptocurrency exchange Coincheck was hacked and about $530 million worth of a digital coin called NEM was stolen. This incident shook confidence in cryptocurrency exchanges and led to stricter regulations in Japan.
  3. · Crypto lender Celsius pauses all withdrawals, swaps and transfers
    Celsius Network, a major cryptocurrency lending platform, suddenly stopped letting customers withdraw their money, citing extreme market conditions. This triggered a chain reaction of failures among cryptocurrency companies and caused many people to lose access to their savings.
  4. · FTX hit by liquidity crunch, halts withdrawals; Binance agrees to buy it
    FTX, one of the world's largest cryptocurrency exchanges, ran short of money to pay customers who were rushing to withdraw, and agreed to be bought by rival Binance, which pulled out a day later. FTX filed for bankruptcy on November 11, and it later emerged that customer money had been misused. The collapse sparked a global crisis of trust in cryptocurrency exchanges.

Assets named in this scenario · 52

AaveAlgorand (ALGO)Aptos (APT)Arbitrum (ARB)Avalanche (AVAX)Axie Infinity (AXS)Bitcoin (BTC)Bitcoin Cash (BCH)BNBCardano (ADA)Chainlink (LINK)Cosmos (ATOM)Cronos (CRO)DaiDecentraland (MANA)Dogecoin (DOGE)EOSEthereum Classic (ETC)Ethereum (ETH)Filecoin (FIL)First Digital USD (FDUSD)FlowHedera (HBAR)Injective (INJ)Internet Computer (ICP)Lido DAO (LDO)Lido Staked Ether (STETH)Litecoin (LTC)Maker (MKR)Monero (XMR)MultiversX (EGLD)NEAR Protocol (NEAR)OKBOptimism (OP)PepePi Network (PI)Polkadot (DOT)Polygon Ecosystem Token (POL)Quant (QNT)Shiba Inu (SHIB)Solana (SOL)Stellar (XLM)Tether (USDT)The Graph (GRT)Theta Network (THETA)Toncoin (TON)TRON (TRX)Uniswap (UNI)USD Coin (USDC)VeChain (VET)Wrapped Bitcoin (WBTC)XRP

Recently triggered by news

Matched keywords: exchange collapse, exchange bankruptcy, exchange hack, insolvency, withdrawals halted, borsa iflası, borsa hacklendi, çekimler durduruldu

See how this scenario relates to your assets

Your portfolio, plain-language analyses, price alerts and the AIsier chat, together on your phone.

Get it on Google Play
App Store: coming soonContinue on the web

Free to download. AI analyses use credits; the app shows the cost before you start.

AIsier does not give investment advice. Every figure on this page is a measurement of past prices or a quote from a named source, never a recommendation to buy, sell or hold.