| No. | Company | Estimated loss / Status |
| 1) | Mt. Gox | $620 Million |
| 2) | Bitinstant |  unknown |
| 3) | Silk Road | $127.4 million |
| 4) | Bex.io | unknown |
| 5) | Buttercoin | unknown |
| 6) | Brawker | unknown |
| 7) | GLBSE | unknown |
 | inputs.io | unknown |
| 9) | GaW miners | unknown |
| 10) | SilkRoad#2 | $2.7 million |
| 11) | Butterfly Labs | unknown |
| 12) | CoinTerra | unknown |
| 13) | Mining ASICS Technologies (MAT) | unknown |
| 14) | Mintpal | unknown |
| 15) | ASICminer | unknown |
| 16) | Bitcoin24 | unknown |
| 17) | HashFast | unknown |
| 18) | BTCT.co | unknown |
| 19) | Bittrivia | unknown |
| 20) | BitNetwork TV | unknown |
| 21) | Bitcoinica | unknown |
| 22) | Tradehill | unknown |
| 23) | Instawallet | unknown |
| 24) | AllCrypt | unknown |
| 25) | CryptoRush | unknown |
| 26) | bitlc.net | unknown |
| 27) | Intersango | unknown |
| 28) | bitbook.biz | unknown |
| 29) | PBmining | unknown |
| 30) | HashProfit | unknown |
| 31) | CryptoXchange | unknown |
| 32) | MyCoin | unknown |
| 33) | Bitomat | unknown |
| 34) | Bitp.it | unknown |
| 35) | Brasil Bitcoin Market | unknown |
| 36) | BTC Buy | unknown |
| 37) | Btctip | unknown |
| 38) | Bit-Bank | unknown |
| 39) | Bitmit | unknown |
| 40) | Sheep Marketplace | unknown |
| 41) | hashie.co | unknown |
| 42) | Moolah | unknown |
| 43) | Seals with Clubs | unknown |
| 44) | mcxnow | unknown |
| 45) | x-bt | unknown |
| 46) | Justcoin | unknown |
| 47) | KCMOCOLO | unknown |
| 48) | Vekja | unknown |
| 49) | Bitmarket.eu | unknown |
| 50) | MyBitcoin | unknown |
| 51) | Bitscalper | unknown |
| 52) | BS&T | unknown |
| 53) | FeedZeBirds | unknown |
| 54) | btcxchange.ro | unknown |
| 55) | CoinEX.pw | unknown |
| 56) | AMT | unknown |
| 57) | HashTrade | unknown |
| 58) | WBX | unknown |
| 59) | Coinlenders | unknown |
| 60) | Paytunia | unknown |
| 61) | NeoBee | unknown |
| 62) | HASRA | unknown |
| 63) | MinerSource | unknown |
| 64) | Alpha Technology | unknown |
| 65) | Coinedup | unknown |
| 66) | BitcoinMax | unknown |
| 67) | Evolution Market | unknown |
| 68) | The Bitcoin Show | unknown |
| 69) | El Show de Bitcoin | unknown |
| 70) | Le Bitcoin Show | unknown |
| 71) | Ellet | unknown |
| 72) | Take My Bitcoins | unknown |
| 73) | Coinabul | unknown |
| 74) | Bitmine | unknown |
| 75) | MyBitcoinTrade | unknown |
| 76) | BIPS | unknown |
| 77) | LabRatMining | unknown |
| 78) | BlackBankMarket | unknown |
| 79) | OneWallet | unknown |
| 80) | Virtex | unknown |
| 81) | BitFunder | unknown |
| 82) | Bitcoin Development Fund | unknown |
| 83) | Netsolus | unknown |
| 84) | Nimbus Mining | unknown |
| 85) | Coinware | unknown |
| 86) | LiquidBits | unknown |
| 87) | DZ Miner Coop | unknown |
| 88) | GPUMAX Technologies LLC | unknown |
| 89) | Virtual Mining Corporation | unknown |
| 90) | Active Mining Corporation | unknown |
| 91) | BTC Mining Corporation | unknown |
| 92) | Litecoin Global | unknown |
| 93) | Bitcoin Rain | unknown |
| 94) | EgoPay | unknown |
| 95) | Coinographic | unknown |
| 96) | AMHash1 | unknown |
| 97) | Altcoin Herald | unknown |
| 98) | CryptoDouble | unknown |
| 99) | Cryptomine.io | unknown |
| 100) | Cryptory | unknown |
| 101) | Dicebitco.in | unknown |
| 102) | Dice.ninja | unknown |
| 103) | Lunamine | unknown |
| 104) | ShareXcoin | unknown |
| 105) | BitDayTrade | unknown |
| 106) | Labcoin | unknown |
| 107) | Kronos.io | unknown |
| 108) | Britcoin | unknown |
| 109) | Bitcoinary | unknown |
| 110) | Robocoin | unknown |
| 111) | updown.bt | unknown |
| 112) | NXT-E | unknown |
| 123) | WeExchange | unknown |
| 124) | BitcoinGunParts | unknown |
| 125) | BitcoinForFlowers | unknown |
| 126) | FastCash4Bitcoins | unknown |
| 127) | CleanBit | unknown |
| 128) | AurumXChange | unknown |
| 129) | WMXchange | unknown |
| 130) | Cam 4 BTC | unknown |
| 131) | Flexcoin | unknown |
| 132) | BTCZone | unknown |
| 133) | Bittalk Media Ltd | unknown |
| 134) | CAVirtex | unknown |
| 135) | MMOExchange | unknown |
| 136) | OGRR | unknown |
| 137) | betsofbitco.in | unknown |
| 138) | rollin.io | unknown |
| 139) | Paysius | unknown |
| 140) | Bitcoin2CDKey | unknown |
| 141) | WalletBit | unknown |
| 142) | Bitcoin Cloud Hashing | unknown |
| 143) | Liquid Nitrogen Overclocking | unknown |
| 144) | 50btc | unknown |
| 145) | Deepbit | unknown |
| 146) | ZenMiner | unknown |
| 147) | Aquifer | unknown |
| 148) | lovebitcoins.org | unknown |
| 149) | BtcTree | unknown |
| 150) | Atlantis | unknown |
| 151) | Buttcoin.org | unknown |
| 152) | sirarthur.net | unknown |
| 153) | Atomic-Trade.com | unknown |
| 154) | Bitfountain | unknown |
| 155) | CryptoChange | unknown |
| 156) | BitBitcoin | unknown |
| 157) | BTC on Tilt | unknown |
| 158) | LendMeCoin | unknown |
| 159) | Coin Mining Coop | unknown |
| 160) | BitSpend | unknown |
| 161) | BitcoinRealty | unknown |
| 162) | BitcoinCashout | unknown |
| 163) | Bitcoin Solutions LLC | unknown |
| 164) | BiddingPond | unknown |
| 165) | Black Arrow | unknown |
| 166) | Vircurex | unknown |
| 167) | BTCFPGA | unknown |
| 168) | ForBitcoin | unknown |
| 169) | Gamma Bitcoin Fund | unknown |
| 170) | BitcoinTraining | unknown |
| 171) | BitcoinFX | unknown |
| 172) | puddinpop | unknown |
| 173) | bitcoinPool | unknown |
| 174) | BTC Guild | unknown |
| 175) | MTRed | unknown |
| 176) | Triplemining | unknown |
| 177) | BitPing | unknown |
| 178) | Ubitex | unknown |
| 179) | Bitcoin7 | unknown |
| 180) | LIF | unknown |
| 181) | Bitcoin Rebate | unknown |
| 182) | BDT | unknown |
| 183) | Novello Technologies | unknown |
| 184) | XBTec | unknown |
| 185) | Paybase | unknown |
| 186) | Cloudminr | unknown |
| 187) | Momento VPS | unknown |
| 188) | BtcATT | unknown |
| 189) | TimeToBit | unknown |
| 190) | Onedice.me | unknown |
| 191) | bASIC-mining | unknown |
| 192) | Crypto::Stocks | unknown |
| 193) | Coin.mx | unknown |
| 194) | Coinport Exchange | unknown |
| 195) | BitPantry | unknown |
| 196) | ZigGap | unknown |
| 197) | dcash.io | unknown |
| 198) | Daily Satoshi | unknown |
| 199) | c-7.cc | unknown |
| 200) | Bill Pay For Coin | unknown |
| 201) | 37Coins | unknown |
| 202) | Harborly | unknown |
| 203) | crypto-trade.com | unknown |
| 204) | onedice.me | unknown |
| 205) | ice-dice.com | unknown |
| 206) | dicebitco.in | unknown |
| 207) | BTCS | unknown |
| 208) | Spondoolies Tech | unknown |
| 209) | MasterXchange | unknown |
| 210) | Cryptsy | unknown |
| 211) | Bonafide | $850,000 |
| 212) | BitSimple | unknown |
| 213) | Tangible Cryptography | unknown |
| 214) | Xapo | $40 million! |
| 215) | Mintspare | unknown |
| 216) | Mike Hearn | Gone Fishin' |
| 217) | Romit | unknown |
| 218) | Vault of Satoshi | unknown |
| 219) | Swisscex | unknown |
| 220) | Coinsetter | $3 million |
| 221) | Armory | $13 Million |
| 222) | ZeusHash | unknown |
| 223) | Uphold / Bitreserve | $110 Million |
| 224) | ANXPro | unknown |
| 225) | Bitcoin XT | |
| 226) | Bitcoin Classic | |
| 227) | CoinTrader | unknown |
| 228) | KnC Miner | $32M |
| 229) | Bitfinex | $60M |
| 229) | Circle | $140M |
Topic: Casualty List (Read 27106 times)
I do not know why but I have a feeling that most of these "hacked" or "taken down" websites (except for the ones taken by governments) were simple scams, just like Bitfinex. I mean come on, how hard is it to just take away your money with you and pretend that your website had been hacked? Without any proofs (just ANY proof) showing us that it wasn't them, I can't trust some words like "we reward any info we get about the hacker" - how are we even supposed to get info about the hacker(s) if we have absolutely 0 details? Just an opinion.
an inside job from an individual working there maybe, but to set this up with the scam as end goal is hard to belief. they should be able to make a living with such a business, so why risk it all? sure you get one huge payday, but you will also be watched from now on and have to be cautious how you spend your money. you do not want that. 
I do not know why but I have a feeling that most of these "hacked" or "taken down" websites (except for the ones taken by governments) were simple scams, just like Bitfinex. I mean come on, how hard is it to just take away your money with you and pretend that your website had been hacked? Without any proofs (just ANY proof) showing us that it wasn't them, I can't trust some words like "we reward any info we get about the hacker" - how are we even supposed to get info about the hacker(s) if we have absolutely 0 details? Just an opinion.
Bitcoin Rain is dead since some long time ago
Change tip?
Bitcoin Rain is dead since some long time ago
i dont know why Silk Road is mentioned here as it is an illegal market and FBI confiscated the said 127.4 million dollars and not hacked ,so you included illegal markets too for this list and i think the rest of the them are cloud mining which is infact scam ones and hacked exchanges.
Even if it was a market where illegal things were sold, at the end is still a market and it failed, we know the reason for that but does it matter? For the purpose of this thread which is to post all the failed bitcoin business I think the answer to that is no. Jesus, 229! I bet I couldn't name 229 legitimate Bitcoin businesses. With a history like bitcoin has it's a wonder anyone uses it at all.
Everyone says that fiat has a lot of theft and crime too, bla bla bla. Duh, of course it does. It's been used by everyone in the world for hundreds of years. Bitcoin is six years old and has a little over a million users and it rivals any major theft in fiats history.
A lot of this is because of the unregulated nature of the Bitcoin economy. With (mostly) no consumer protection along with no laws regulating the standards of safety for exchanges and business security, there is a severe chance that there can be major heists, and we see this playing out in the market with many high-profile robberies, as you stated.Everyone says that fiat has a lot of theft and crime too, bla bla bla. Duh, of course it does. It's been used by everyone in the world for hundreds of years. Bitcoin is six years old and has a little over a million users and it rivals any major theft in fiats history.
I'm far from agreeing with the point that it's a wonder anyone uses Bitcoin. There's a number of reasons.
Bitcoin is still a start up currency and bitcoin companies are basically flying blind for the most part so I don't see this as much of a surprise tbh. Do you know the percentage of new businesses that fail in the first few months / year? It's huge. Now through in the fact that the currency your business is built on fluctuates constantly from huge swings (in terms of a currency's normal fluctuation) and it's a tough business. No doubt in my mind a lot of these failures could have been avoided if there was more knowledge/experience out there.
The length of that list is staggering but I have always though of bitcoin as modern era gold rush a few will make fortunes, some will make some money and a lot are going to lose everything they have.
Over $1Billion lost so far. Probably going to be a lot more in the near future. 
I can add Rugatu, a question and answer service that included Bitcoin payments. It was a very interesting site, going down due to death of its founder "paraipan", who was also active ins this forum (https://bitcointalksearch.org/user/paraipan-29395). See here: https://www.reddit.com/r/rugatu/comments/2ikcz3/regarding_rugatu_rip_paraipan/
Did the thread starter consider including the time of foundation and (more interestingly) the time when a service/company went offline? That would be really interesting, because the list could be sorted and a timeline of bitcoin history could be created. Of course it's a lot of work, but it might be worthwhile.
ya.ya.yo!
Did the thread starter consider including the time of foundation and (more interestingly) the time when a service/company went offline? That would be really interesting, because the list could be sorted and a timeline of bitcoin history could be created. Of course it's a lot of work, but it might be worthwhile.
ya.ya.yo!
Many of these sites don't correlate to "bitcoin being dead" as some were shut down and others were merely scams.
The most important recent sign the naysayers will point to is the announced closure of faucetbox.
Most newbies including myself took their very first satoshi from faucets and faucetbox is one of the biggest microwallets.
My feel is that rising fee costs (they absorb all fees) have really hit them as they transact dust to users. Their demise is one less avenue for newbies to get acquainted with crypto.
The most important recent sign the naysayers will point to is the announced closure of faucetbox.
Most newbies including myself took their very first satoshi from faucets and faucetbox is one of the biggest microwallets.
My feel is that rising fee costs (they absorb all fees) have really hit them as they transact dust to users. Their demise is one less avenue for newbies to get acquainted with crypto.
i dont know why Silk Road is mentioned here as it is an illegal market and FBI confiscated the said 127.4 million dollars and not hacked ,so you included illegal markets too for this list and i think the rest of the them are cloud mining which is infact scam ones and hacked exchanges.
The length of that list is staggering but I have always though of bitcoin as modern era gold rush a few will make fortunes, some will make some money and a lot are going to lose everything they have.
So Bitcoin companies are no different.
Except that they are all broke with over $1B of VC money spilt to date. 
Having shown the Bitcoin companies that are dead or showing a loss in their balance sheet. What then are the companies that are making money? I can only think of some of the darknet market places are making money, some high traffic gambling sites like NitrogenSports and maybe a few of the more dominant exchanges. I would think that even a Bitcoin company that is highly funded like 21 Inc. has no revenue and profit as of now.
This is true of any emerging technology. In the initial stages, they are cash guzzlers.
Once they scale up and have enough customers, they begin throwing out money. So Bitcoin companies are no different.
What then are the companies that are making money?
There are no bitcoin companies making money. Some are being run at break even - barely. and only because they can fire almost everyone and get down their burn rate. The network is stalled. There is no real traffic. No merchant traffic. No end user traffic. Bitcoin has moved to become a settlement only network just like Blockstream intended. 
Having shown the Bitcoin companies that are dead or showing a loss in their balance sheet. What then are the companies that are making money? I can only think of some of the darknet market places are making money, some high traffic gambling sites like NitrogenSports and maybe a few of the more dominant exchanges. I would think that even a Bitcoin company that is highly funded like 21 Inc. has no revenue and profit as of now.
Why are you saying that Xapo us dead? I'm using it and I also have their debit card which is functioning normal without issues (for Europe and other customers) and I can't complain.
They maybe had some problems and bad decissions but their service is stil ongoing and the company is existing.
They maybe had some problems and bad decissions but their service is stil ongoing and the company is existing.
Jesus, 229! I bet I couldn't name 229 legitimate Bitcoin businesses. With a history like bitcoin has it's a wonder anyone uses it at all.
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The real number is far higher. Please add some new dead companies as this list hasn't been updated in a while.
Jesus, 229! I bet I couldn't name 229 legitimate Bitcoin businesses. With a history like bitcoin has it's a wonder anyone uses it at all.
Everyone says that fiat has a lot of theft and crime too, bla bla bla. Duh, of course it does. It's been used by everyone in the world for hundreds of years. Bitcoin is six years old and has a little over a million users and it rivals any major theft in fiats history.
Everyone says that fiat has a lot of theft and crime too, bla bla bla. Duh, of course it does. It's been used by everyone in the world for hundreds of years. Bitcoin is six years old and has a little over a million users and it rivals any major theft in fiats history.
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