2022 Crypto Dead Projects List | Bitcointalksearch.org

Lantind

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Quote from: zasad@ on December 28, 2022, 10:25:15 AM

97 projects 2022-10-27
This collection presents a list of cryptocurrency projects that failed in 2022, including those that announced closure, entered bankruptcy, or had websites that had been inactive for a long time. 26 of these projects had funding in the amount of above $3.6 billion.
Many projects went bankrupt due to the collapse of Terra and FTX

Of the many crypto projects that died, how much effect did Terra and FTX have? The bankruptcy of FTX has been felt by the changes in crypto prices so far. Many investors experienced losses from the fraud committed by Terra which continued with the bankruptcy of FTX. If we calculate the average loss of $ 3.6 billion, then investors' losses amount to $ 93.6 billion. This is a very large number, close to USDT's market cap, plus USDC.

Xal0lex

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The year 2022 was ruthless for everyone. Some lost millions, some even billions. It would be interesting to compare such statistics with those of 2018, if they existed somewhere. I tried looking, but couldn't find it. There is a certainty that 2022 was much more brutal than the last bear cycle. A lot of these companies got really into the borrowing thing and then it all fell apart like a house of cards.

oaz7t

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Yeah some of them looks good but they lost it all because of FTX collapse. Sometimes luck plays role in the investment plans that we make. Now if the entire projects funding were vanished due to the exchanger collapse then what the project owners could do in it? They might have struggled a lot to build those projects. It is unfortunate to see them go like this without their mistakes. I mean many times the project owners are doing furious things and fake the project roadmap. However, in the list of 26 there seems few projects which are promising (were promising) which are now either dead and no hope for their reconstruing. They have lost all of their liquidity in the process.

SquallLeonhart

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Quote from: zasad@ on December 28, 2022, 10:25:15 AM

This collection presents a list of cryptocurrency projects that failed in 2022, including those that announced closure, entered bankruptcy, or had websites that had been inactive for a long time. 26 of these projects had funding in the amount of above $3.6 billion.
Many projects went bankrupt due to the collapse of Terra and FTX

But, what would be the use? I am sure you will come up with another bigger list by the end of 2023 as people here will not learn anything from this topic; I am sorry for saying this because I do watch such awareness is being spread out here for years but seems like no one is learning anything and guiding newbies. This simply helps scammers to come up in the name of new projects and escaping with huge money every time, they attempt.

Some people may argue about bearish year for this happening but if we look into the percentage then every year is same moreover in bullish year failed projects are popping out in more numbers as per my observation.

Jawhead999

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Quote from: Pandji02 on December 29, 2022, 02:32:58 AM

Well, at least I'm glad I never bought any of those coins that collapsed at some point. And I hope none of those in my portfolio will collapse someday.

Sooner or later at least one of your coin will collapse since you're invest in a centralized coin where the developer can easily manipulate the market or scam the investors. I know there's will be a coin that still survive maybe for 5-10 years, but it's just temporary, not forever.

Quote from: _morghulis on December 30, 2022, 04:21:11 AM

At least I didn't get to invest in any of them that's just my joy right now. The little ones that I still have I'm looking for the slightest opportunity to sell them off.

You need to sell your coins when it's already make enough profit, altcoins are only for trading, not investing.

Tony116

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Quote from: Yatsan on December 30, 2022, 11:45:32 AM

Quote from: Tony116 on December 30, 2022, 04:06:44 AM

A pretty big number, but I wouldn't be too surprised since crypto is a free and open market. And it's a new market that's not regulated by any regulator, so it's normal for it to be taken advantage of or become a fancy scam space. This is the price we have to pay when we want to be free and decentralized.
It can be said that this year is the worst year of the market, we have too many collapses and heavy impacts from the world economy. Hopefully, everything will pass soon and the market will recover soon.

Worst? I doubt. As far as I know there were more projects being released before, way back 2017 wherein there are many campaigns on different project fields but only a few remain such as with gambling projects. Thus, such thing on my end is just normal depending on the market situation. Just think of how many projects are being introduced or released in the market and also, consider checking the ratio of those which failed and those which succeed. It is either good projects in general or just had boost on popularity, for those whoch succeeded. And to those failed projects, it will be the opposite but most of the time, it would rely on popularity of the project itself why it failed or succeed.

If talking about the number of projects in 2017 is too small compared to today, as far as I remember, in 2017, we only had more than 2000 projects listed on CMC, and this year, that number has reached 20k, and of course, the number of dead projects will also increase. That's a huge difference. Moreover, from the time it was created until now, the market has never experienced and been affected by wars, economic crises, etc., all have shown that this is the worst market year. It's not over yet. Do you think with what's going on in the world, the bear season will last longer than expected? I mean, the 4-year cycle could be broken.

JeffBrad12

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so much money wasted being invested in these shitty projects meanwhile it should've been spent in something more useful like investing in new real innovation.
even though so many has been scammed by these projects, i'm pretty sure in the next bullrun they would get scammed again and added with the fact that many of these dead projects was formerly considered highly legit project that could brings massive profits but it seems many have been affected by luna crash and just hardly survive without their reserve money that quite literally got drained around luna crash, I guess investing in coins other than btc and eth should only be for short term.

uneng

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Quote from: zasad@ on December 28, 2022, 10:25:15 AM

97 projects 2022-10-27
This collection presents a list of cryptocurrency projects that failed in 2022, including those that announced closure, entered bankruptcy, or had websites that had been inactive for a long time. 26 of these projects had funding in the amount of above $3.6 billion.
Many projects went bankrupt due to the collapse of Terra and FTX

The sum of money scammed by these projects adds almost half of the total sum scammed by SBF/Alameda/FTX. That is a lot of money wasted by investors and that should be remembered side by side with all the big scams of 2022 and their respective stolen amounts. Imagine the difference this huge money could make in the world if used properly for legit causes. How many lives could be improved and how many people could be assisted if those projects had real purposes and impact in the reality. Instead of that, this money is going to pay bails, the wealthiest lawyers available in the market and the luxuous lives of the scammers behind the fraud. It's a shame!

mdzahed134

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More projects (alts) are not going to survive this bear. They are gonna make up the list of dead projects come 2023.

By the way, some exchanges like Binance and Kucoin are on steady delisting some coins. Does this mean that those coins are dead? I'm just curious to know.

Right, and i think a few coins will be dead in 2023 even from top 100 ranked coins, it’s my personal opinion. Whatever, i don’t think if a coin will delist by binance or kucoin, that's doesn't mean which coin will be dead but when this coin already listed another big exchanges otherwise here a big risk to project might be collapse.

Yatsan

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Quote from: Tony116 on December 30, 2022, 04:06:44 AM

A pretty big number, but I wouldn't be too surprised since crypto is a free and open market. And it's a new market that's not regulated by any regulator, so it's normal for it to be taken advantage of or become a fancy scam space. This is the price we have to pay when we want to be free and decentralized.
It can be said that this year is the worst year of the market, we have too many collapses and heavy impacts from the world economy. Hopefully, everything will pass soon and the market will recover soon.

Worst? I doubt. As far as I know there were more projects being released before, way back 2017 wherein there are many campaigns on different project fields but only a few remain such as with gambling projects. Thus, such thing on my end is just normal depending on the market situation. Just think of how many projects are being introduced or released in the market and also, consider checking the ratio of those which failed and those which succeed. It is either good projects in general or just had boost on popularity, for those whoch succeeded. And to those failed projects, it will be the opposite but most of the time, it would rely on popularity of the project itself why it failed or succeed.

_morghulis

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At least I didn't get to invest in any of them that's just my joy right now. The little ones that I still have I'm looking for the slightest opportunity to sell them off.

Tony116

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A pretty big number, but I wouldn't be too surprised since crypto is a free and open market. And it's a new market that's not regulated by any regulator, so it's normal for it to be taken advantage of or become a fancy scam space. This is the price we have to pay when we want to be free and decentralized.
It can be said that this year is the worst year of the market, we have too many collapses and heavy impacts from the world economy. Hopefully, everything will pass soon and the market will recover soon.

TravelMug

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Quote from: mich on December 30, 2022, 03:16:13 AM

This list of 97 failed crypto projects is a good one and I am pleased that I didnt ever partake in any of those. Swim Protocol, Mojito Markets, and Bagels Finance? These just sound like scam projects sad to think people lost money with them.

Yeah, I think only naive and gullible investors and mostly newbies are somewhat going to invest on those kind of projects. I mean just the name itself, screams scams and rug pulls already.

Quote from: mich on December 30, 2022, 03:16:13 AM

Really I am shocked there was 350 new 'scam tokens' created every day this year. Really just terrible thinking how many people lost their life savings in those 117,629 scam projects.

I'm not shocked at all with the number of scam tokens, what shocking is that people are still investing their hard earn money on this kind of projects. We really need to tell them that they should DYOR, because this market is full of scammers who wants to take advantage of everyone.

mich

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This list of 97 failed crypto projects is a good one and I am pleased that I didnt ever partake in any of those. Swim Protocol, Mojito Markets, and Bagels Finance? These just sound like scam projects sad to think people lost money with them.

Really I am shocked there was 350 new 'scam tokens' created every day this year. Really just terrible thinking how many people lost their life savings in those 117,629 scam projects.

danherbias07

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Is this also a record of the higher number of dead projects in a year? I am curious. Cheesy

With so many names on the list and most are known in my own point of view this could also be the largest amount of money that was gone in the market.
We had a good year before the pandemic but I think survival was the key when it came, most of them didn't last that long.
NFT project developers had their reasons for bad communication with their teams due to the sickness that was spreading and they cannot advance with their roadmaps because of it.

denasha92

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Quote from: Tytanowy Janusz on December 28, 2022, 11:14:40 AM

Those are only the biggest projects. According to new reasearch - 350 new 'scam tokens' were created every day this year: Solidus Labs

117,629 of scam projects that was lauched and died in 2022. Making total of 1.9 M investors impacted

Yeah, i saw a hundreds of altcoins were created and promoted it on Twitter every week. They just created the simple website, a simple litepaper, have a little followers, then gone after dumped their own projects. Also most of their project have an anonymous team. and oddly some people still fall for it. I don't know why, maybe they just "gamble" to invest in random projects and take some profit immediately when reach the ATH after the project launch.

poodle63

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it's sometimes very silly how these projects gets impacted when the other projects that might completely have no relation with the project whatsoever is crashing, it's like domino effect with no relation.
in the crash of luna, other random project also crashing even though they didn't get invested even a dime by luna foundation themselves.
also big project doesn't mean it's gonna retain its value any better than the smaller project, big project just mean there are much more liquidity.

Rengga Jati

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Quote from: zasad@ on December 28, 2022, 10:25:15 AM

97 projects 2022-10-27
This collection presents a list of cryptocurrency projects that failed in 2022, including those that announced closure, entered bankruptcy, or had websites that had been inactive for a long time. 26 of these projects had funding in the amount of above $3.6 billion.
Many projects went bankrupt due to the collapse of Terra and FTX

Most of the lists are the wellknown projects, big project hype at the time, and falling down. Imagine that big projects like them cam also fall down and become dead projects, morever the new one. That is why aside these big dead projects, there are hundreds or thousand scam and dead projects in this year, especially so far.

We can't deny that there are so many scam and shit projects in the crypto world. Even Terra Luna and ftx in which big and top projects were also dead easily because of their weakness. This crypto world is exactly very risky and killing anyone who don't learn and aware of the risks.

Johnyz

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Quote from: JunkieMiner on December 29, 2022, 01:39:25 PM

Oh my God, I was believing in them for most of the time, but I didn't know about much news about these projects. Now I had some idea that may be they rug pull and I had to out of most of them before the time over. Because I had believe in most of these projects since I was trading for about a year and now too.

As stated some of them are affected for what happened to FTX so most of them have no choice but also to abandoned the project since they can’t access their funds anymore so its a big loss for them and for the investors as well. Didn’t know those projects but seeing them on that situation is hard. Though some project did rug pull on purpose, so be careful on investing on new projects because you might fall into a fake one and be a victim of a scam as well.

ven7net

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Quote from: zasad@ on December 28, 2022, 10:25:15 AM

97 projects 2022-10-27
This collection presents a list of cryptocurrency projects that failed in 2022, including those that announced closure, entered bankruptcy, or had websites that had been inactive for a long time. 26 of these projects had funding in the amount of above $3.6 billion.
Many projects went bankrupt due to the collapse of Terra and FTX

Thanks for the info, it's definitely awful that so many bad crypto projects are entering the market. Unfortunately, the trend is very bad and next year will probably not be better. But I have not yet seen a single niche where there would be no problems. It so happened that in any direction there are always problems and crooks, and at the moment this problem is difficult to solve. But you need to go ahead and learn from mistakes, which means you need to approach the choice of a particular crypto project and cryptocurrency more carefully.

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