History of Centralized Failures
Shehzan Maredia
Founder
We're keeping an account of the failures of centralized intermediaries here.
Here's a preview:
Failures of Centralized Crypto Products/Bridges
Pre-2022: 850,000+ Bitcoin Lost by Centralized Crypto Products
2022: ~24 Billion Lost by Centralized Crypto Products/Bridges
2023: ~200+ Million Lost by Centralized Crypto Products/Bridges
The link explains each failure and also provides cases when traditional banks failed.
