2022 Crypto Dead Projects List

[Xal0lex]

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.

[Lantind]

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.