Every major exchange and lender collapse from 2014 to 2023. The pattern is always the same.

After enough cycles you lose track of which exchange or lender blew up when, so I went back and put the major custody failures from 2014 to 2023 into one timeline with the actual figures. Running through them: Mt. Gox (2014): around 850,000 BTC gone. It wasn't a dramatic hack, the coins drained out over years behind balances that were simply faked. Anyone with funds on it saw no repayment until 2024. QuadrigaCX (2018): the CEO died and the company claimed he was the only one who could access th

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