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Gone in a Flash: 11 Cryptocurrency Exchanges That Closed Their Doors

📰2 years ago17 views
Over the years, the cryptocurrency industry has seen a lot of ups and downs, and the closure of crypto exchanges is one of them. There have been numerous crypto exchanges that have shut down due to various reasons, including hacking attacks, fraud, regulatory issues, and mismanagement. In this article, we will discuss the top 11 crypto exchanges that were shut down.
Hopefully this list serves as a warning to crypto investors - don't hold your coins on exchanges.

Mt. Gox was a large crypto exchange that was shut down in 2014. The exchange was based in Japan and handled more than 70% of all bitcoin transactions at the time of its closure. Mt. Gox was hacked which led to the company filing for bankruptcy and leaving many customers without their funds.
BitGrail was an Italian cryptocurrency exchange that was shut down in 2018 after it lost approximately $170 million worth of cryptocurrency. The exchange's founder, claimed that the funds were stolen due to a hack, but many customers accused him of mismanaging the exchange and stealing their funds.
LocalBitcoins was a Finnish bitcoin exchange that allowe...