Timeline of crypto collapses
Failures, bankruptcies, market crashes, and depegs. 34 dated events from 11 articles. Each links to the article that records it, where the sources are. Dates are as precise as those articles state them, and events from draft articles are marked.
2014
2018
- StablecoinBasis shuts down
2020
- MakerDAO and SkyMarket crash disrupts liquidations
- StablecoinDai: Ether's crash under-collateralised Dai. One bidder won about 62,843 ether for almost no Dai in auctions; estimates of the shortfall differ.
2021
- TerraUST falls to about US$0.90; Tai Mo Shan buys UST
- StablecoinIRON: Run on a token about 75% backed by USDC and 25% by TITAN.
2022
- StablecoinDiem confirms shutdown
- LidoTerra deployment ends after Terra's collapse
- StablecoinUST: Collapse of TerraUSD and LUNA.
- TerraLarge UST withdrawals from Anchor and sales on Curve
- TerraChain halted; halted again early on 13 May (UTC)
- TetherUSDT falls to about $0.95 after Terra collapse
- LidostETH discount during Celsius and Three Arrows crises
- StablecoinUSDD: Fell to 91 cents on KuCoin; the reserve added US$650 million of USDC.
- TerraCelsius files for Chapter 11
- SolanaFTX and Alameda collapse
- FTXCoinDesk reports Alameda balance sheet
- FTXBinance announces sale of its FTT
- FTXBinance signs non-binding letter of intent
- FTXBinance withdraws
- FTXChapter 11 filing; Ray replaces Bankman-Fried; unauthorised transfers begin
2023
- StablecoinUSDC: Fell to about 86 cents during the weekend after Silicon Valley Bank failed.
- USDCCircle discloses US$3.3 billion held at Silicon Valley Bank; USDC loses peg
2024
- TerraTerraform Labs files for Chapter 11
- StablecoinMIM: Fell to US$0.76 after a US$6.5 million exploit.
- FTXBankruptcy plan confirmed
2025
- StablecoinUSD0++: Cointelegraph reported that Usual's staked token fell to US$0.89 after a new floor price.
- StablecoinsUSD: Fell to US$0.66. Synthetix attributed the depeg to changes under SIP-420.
- StablecoinUSDf: CoinMarketCap recorded a low of US$0.9783. Falcon's Andrei Grachev attributed the brief depeg to market sentiment and said the token remained overcollateralised.
- BitcoinMarket-wide liquidation cascade
- HyperliquidOpen interest falls from about US$14B to US$6B during market crash
- StablecoinUSDe: Fell to about US$0.65 on Binance; Ethena's chief executive said one venue was out of line. Binance said it paid about US$283 million across affected USDe, BNSOL, and WBETH users.
- StablecoinStream xUSD and Elixir deUSD fail