Cryptocurrency exchanges that have run away or closed during the period of 2021 - 2024:

​​2021

​​- BHEX: Announced the closure of platform services on September 26, 2021, stopped OTC fiat trading on October 2, stopped all spot trading on October 9, and officially closed the platform on October 23.

​​- Thodex: The Thodex exchange founded by Zex filed for bankruptcy in April 2021.

​​2022

​​- Celsius Network: Filed for bankruptcy in July 2022, a crypto lending platform that faced a run due to high leverage and StETH depegging.

​​- Voyager Digital: Filed for bankruptcy in July 2022 due to the fallout from Three Arrows Capital (3AC), undercapitalized.

​​- FTX: Filed for bankruptcy in November 2022 due to misappropriation of user funds and a liquidity run, founder SBF was sentenced.

​​- Hoo: Went bust in 2022, ceased operations in 2023, with user assets frozen.

​​2023

​​- Genesis Global: Filed for bankruptcy in January 2023, a partner of Gemini Earn, dragged down by the Three Arrows Capital and FTX events.

​​- Hotbit: Ceased operations in May 2023, claiming to "cooperate with investigations", with some withdrawals open, but severe delays.

​​- AEX: Encountered a liquidity crisis in 2023, restricted withdrawals, and did not fully repay.

​​2024

​​- Mt. Gox exchange: In 2024, suffered an attack resulting in approximately 850,000 bitcoins being stolen, subsequently filed for bankruptcy protection.

​​- BitConnect exchange: Closed in January 2024 for suspected illegal operations and a Ponzi scheme, the platform ran away.

​​- QuadrigaCX exchange: In 2024, the founder of this Canadian exchange passed away unexpectedly, leading to an inability to repay approximately $190 million in user crypto assets, and the exchange declared bankruptcy.