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30

Failed Projects

$20938.0B+

Funding Lost

technical (53%)

Top Failure Reason

5.0

Avg Scalability

Category

DeFi
NFT
Gaming
Infrastructure
Social
DAO
Exchange
Lending

Failure Reason

technical
market
funding
competition
regulatory
team
timing
security
fraud

Rating Ranges

Showing 30 of 30 failed projects

Sort by:
SafeMoon
2023
DeFi

Raised: $200M+

Meme token with questionable tokenomics and alleged fraud

fraud
regulatory
Scalability
3/10
Rebuild Difficulty
4/10
Vibe/Codeability
4/10
Terra/Luna
2022
DeFi

Raised: $200M+

Algorithmic stablecoin ecosystem that collapsed spectacularly

technical
market
Scalability
8/10
Rebuild Difficulty
9/10
Vibe/Codeability
3/10
FTX
2022
Exchange

Raised: $1.8B

Major crypto exchange that collapsed due to fraud and mismanagement

fraud
regulatory
Scalability
9/10
Rebuild Difficulty
8/10
Vibe/Codeability
2/10
Celsius Network
2022
Lending

Raised: $750M

Crypto lending platform that froze withdrawals and filed for bankruptcy

market
funding
Scalability
7/10
Rebuild Difficulty
7/10
Vibe/Codeability
4/10
BlockFi
2022
Lending

Raised: $950M

Crypto lending platform that collapsed after FTX exposure

market
regulatory
Scalability
6/10
Rebuild Difficulty
6/10
Vibe/Codeability
5/10
Voyager Digital
2022
Exchange

Raised: $110M

Crypto broker that filed for bankruptcy after Three Arrows Capital default

market
funding
Scalability
5/10
Rebuild Difficulty
6/10
Vibe/Codeability
4/10
Three Arrows Capital
2022
DeFi

Raised: $10B AUM

Crypto hedge fund that collapsed due to overleveraged positions

market
funding
Scalability
7/10
Rebuild Difficulty
8/10
Vibe/Codeability
3/10
Axie Infinity
2022
Gaming

Raised: $152M

Play-to-earn game with unsustainable tokenomics

market
technical
Scalability
6/10
Rebuild Difficulty
7/10
Vibe/Codeability
8/10
StepN
2022
Gaming

Raised: $5M

Move-to-earn app with Ponzi-like tokenomics

market
technical
Scalability
5/10
Rebuild Difficulty
6/10
Vibe/Codeability
7/10
Ronin Bridge
2022
Infrastructure

Raised: N/A

Axie Infinity bridge hacked for $625M

security
technical
Scalability
6/10
Rebuild Difficulty
7/10
Vibe/Codeability
7/10
Wormhole Bridge
2022
Infrastructure

Raised: N/A

Cross-chain bridge exploited for $325M

security
technical
Scalability
5/10
Rebuild Difficulty
6/10
Vibe/Codeability
6/10
Nomad Bridge
2022
Infrastructure

Raised: N/A

Bridge exploit turned into a free-for-all hack

security
technical
Scalability
4/10
Rebuild Difficulty
5/10
Vibe/Codeability
5/10
Wonderland
2022
DeFi

Raised: N/A

DeFi protocol with a convicted fraudster as CFO

team
fraud
Scalability
5/10
Rebuild Difficulty
6/10
Vibe/Codeability
6/10
OlympusDAO
2022
DAO

Raised: N/A

Reserve currency experiment with unsustainable APY

market
technical
Scalability
6/10
Rebuild Difficulty
7/10
Vibe/Codeability
8/10
Anchor Protocol
2022
DeFi

Raised: N/A

Terra lending protocol offering unsustainable 20% APY

market
technical
Scalability
7/10
Rebuild Difficulty
7/10
Vibe/Codeability
7/10
Mirror Protocol
2022
DeFi

Raised: N/A

Synthetic assets protocol that died with Terra

market
technical
Scalability
6/10
Rebuild Difficulty
6/10
Vibe/Codeability
7/10
Babel Finance
2022
Lending

Raised: $80M

Crypto lender that suspended withdrawals during 2022 crash

market
funding
Scalability
5/10
Rebuild Difficulty
6/10
Vibe/Codeability
4/10
Hodlnaut
2022
Lending

Raised: $11M

Singapore crypto lender that halted withdrawals

market
funding
Scalability
4/10
Rebuild Difficulty
5/10
Vibe/Codeability
4/10
Vauld
2022
Lending

Raised: $27M

Indian crypto lender that suspended withdrawals

market
funding
Scalability
4/10
Rebuild Difficulty
5/10
Vibe/Codeability
4/10
Basis Cash
2021
DeFi

Raised: N/A

Algorithmic stablecoin that failed to maintain its peg

technical
market
Scalability
4/10
Rebuild Difficulty
5/10
Vibe/Codeability
6/10
Iron Finance
2021
DeFi

Raised: N/A

Algorithmic stablecoin that experienced a bank run

technical
market
Scalability
3/10
Rebuild Difficulty
4/10
Vibe/Codeability
5/10
Poly Network
2021
Infrastructure

Raised: N/A

Cross-chain bridge hacked for $600M (funds returned)

security
technical
Scalability
5/10
Rebuild Difficulty
6/10
Vibe/Codeability
6/10
Squid Game Token
2021
DeFi

Raised: $3M+ (stolen)

Rug pull scam based on Netflix show

fraud
security
Scalability
2/10
Rebuild Difficulty
2/10
Vibe/Codeability
2/10
TITAN (Iron Finance)
2021
DeFi

Raised: N/A

Algorithmic token that death spiraled to zero

technical
market
Scalability
3/10
Rebuild Difficulty
4/10
Vibe/Codeability
5/10
QuadrigaCX
2019
Exchange

Raised: N/A

Canadian exchange whose founder allegedly faked his death

fraud
security
Scalability
4/10
Rebuild Difficulty
5/10
Vibe/Codeability
2/10
BitConnect
2018
Lending

Raised: $2.5B (stolen)

Ponzi scheme disguised as a lending platform

fraud
regulatory
Scalability
2/10
Rebuild Difficulty
1/10
Vibe/Codeability
1/10
OneCoin
2017
Infrastructure

Raised: $4B+ (stolen)

Massive Ponzi scheme that defrauded billions

fraud
regulatory
Scalability
1/10
Rebuild Difficulty
1/10
Vibe/Codeability
1/10
Parity Wallet
2017
Infrastructure

Raised: N/A

Multi-sig wallet bug froze $300M in ETH permanently

technical
security
Scalability
6/10
Rebuild Difficulty
7/10
Vibe/Codeability
7/10
The DAO
2016
DAO

Raised: $150M

First major DAO hacked due to smart contract vulnerability

security
technical
Scalability
7/10
Rebuild Difficulty
8/10
Vibe/Codeability
9/10
Mt. Gox
2014
Exchange

Raised: N/A

Early Bitcoin exchange hacked for 850,000 BTC

security
technical
Scalability
5/10
Rebuild Difficulty
6/10
Vibe/Codeability
3/10