2022 Crypto Dead Projects List

[zasad@]

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

[Tytanowy Janusz]

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

[o48o]

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

Ok, i am impressed how someone can keep track how many rug pulling projects there have been, many of them are not as clear as they are slow rugs and as there is so many ways to rug people, it couldn't be easy job to recognize them, well except maybe the chart, but even with those you can't tell from a chart which project just failed and which rug pulled.

Too bad i can't read full version of that rug pull report without company email. It seems like it would be really interesting.

[vv181]

Ok, i am impressed how someone can keep track how many rug pulling projects there have been, many of them are not as clear as they are slow rugs and as there is so many ways to rug people, it couldn't be easy job to recognize them, well except maybe the chart, but even with those you can't tell from a chart which project just failed and which rug pulled.

They did not track it manually, it would be insane noting how many worthless tokens pop out every day. If you look around the report's firm site, it stated that they are using an automatic tool that scans the smart contract. So it must be set with defined scam smart contract characteristics to be incorporated with the tool, with that way, they are able to keep track of any shady tokens.

See https://www.soliduslabs.com/solutions/threat-intelligence for more reference.

[ryzaadit]

-sni-

Ah, I see.

But the data could not be really accurate right, it's just a percentage based on the smart-contract scanning. More prefer to see the list from @OP, because people are really know a token without any rank or under rank 100.

[o48o]

They did not track it manually, it would be insane noting how many worthless tokens pop out every day. If you look around the report's firm site, it stated that they are using an automatic tool that scans the smart contract. So it must be set with defined scam smart contract characteristics to be incorporated with the tool, with that way, they are able to keep track of any shady tokens.

See https://www.soliduslabs.com/solutions/threat-intelligence for more reference.

I didn't claim they would do it manually, i just implied that there are several ways to do a rug pulls, like for example a slow rug pulls where devs just don't keep up with the roadmap or deliver anything meaningful and slowly leave the project to die. That would be hard to recognize by a bot when it takes sometimes over a year for users to realize it.

But thanks for the link, that's interesting read.

[Jackl87]

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 that list. There are some pretty big names on it with Celsius, BlockFi, Anchor and many others and of course there is also FTX and Alameda which is responsible for many of those other projects to go bankrupt too. That those projects received a funding of 3.6 Billion $ is just crazy because in the end that is a huge amount of money that is basically lost forever probably. For everyone that makes a big profit in crypto there is someone that is making a loss obviously.
I also like that on that list there are no stupid meme-coins listed because obviously most of them are dead again withing a few days anyway. If those list would have included meme-coins, then it would have at least 10000 entries i would guess.

[GreatArkansas]

This is the best example of "Not all new projects are worth to invest". Pure hype, these projects are driven by hype and manipulation, that's why if you can see they are failing and old projects that were already here for the aged are still here, just like Bitcoin and Ethereum.
These dead projects also blame the market because the market dumped them, for me, it's not a reason. If you are a quality project, bull market, or bear market, you are safe.

[OcTradism]

3000+ altcoin projects were dead and were delisted from Coingecko in last one year. I'd like to use altcoin projects, not crypto projects. It exclude Bitcoin project from altcoin projects. If we use crypto projects, we include Bitcoin project to shit coin projects.

Q3 2022 Report of Coingecko (Summary). Get Coingecko Full report.

Dead Coins: How Many Cryptocurrencies have Failed?

[Marcellin9]

They did not track it manually, it would be insane noting how many worthless tokens pop out every day. If you look around the report's firm site, it stated that they are using an automatic tool that scans the smart contract. So it must be set with defined scam smart contract characteristics to be incorporated with the tool, with that way, they are able to keep track of any shady tokens.

See https://www.soliduslabs.com/solutions/threat-intelligence for more reference.

I didn't claim they would do it manually, i just implied that there are several ways to do a rug pulls, like for example a slow rug pulls where devs just don't keep up with the roadmap or deliver anything meaningful and slowly leave the project to die. That would be hard to recognize by a bot when it takes sometimes over a year for users to realize it.

But thanks for the link, that's interesting read.

Exactly. There might be so many changes along the development road. Devs don't keep up with the roadmap or deliver any meaningful update. I rarely see any tech team that will complete tasks to the end. If we take these into consideration, the scam number will be much higher.

[Fundamentals Of]

A total of 97 projects. That sounds a lot already for just a single year but I am a hundred percent sure that the number is a lot higher in reality. There are definitely more projects that haven't even gained a little traction yet before they are completely dead. Many of them must have been missed by those who compiled these probably for the reason that they didn't even earn a little success or even attention before they collapsed like they already died before even lived.

[Pandji02]

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.

[yazher]

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

That's a huge number and because of this, the chance to land on a real project to invest your money in the long term is not as high as before anymore. Sometimes we don't know how exactly we can invest in the next successful project because of this kind of scenario and also experience and knowledge sometimes contradict our perspective. Due to the fact that the crypto market is still really high when it comes to its volatility, that's why the thing you need to remember and you should never forget is, to invest only what you can afford to lose. after what happened to FTX, the crypto market will not be the same anymore until it recovers from this bearish trend.

[Oneandpure]

Cryptocurrency have bad viewed after 97 project was dead, seems still have several altcoin project missing in the list with exist listing in the market right now but price was drop drastically. Seems have potential for OP added with several altcoin project have price drop more than 1000% in project dead list in 2022.

Solana, AXS and absolutely with Luna coins have including in dead altcoin project after price down drastically and many people loss their investment. Need more selective at the future which one altcoin project worth for investing although with top ten market cap standing position can't guarantee with safety altcoin project.

[$crypto$]

This is the best example of "Not all new projects are worth to invest". Pure hype, these projects are driven by hype and manipulation, that's why if you can see they are failing and old projects that were already here for the aged are still here, just like Bitcoin and Ethereum.
These dead projects also blame the market because the market dumped them, for me, it's not a reason. If you are a quality project, bull market, or bear market, you are safe.

Another reason may also be that the project only wants to make a profit from investors' funds through the hype trend in the market so that when they fail, they will not think long about building it but instead leave and leave the project alone.
So obviously it's not a reason because of a bear market, rather the altcoin project doesn't have a mature idea in running it just wants to enjoy the trend of hype and manipulation for the development of the project but in the end he failed too.

[Coyster]

I'm pretty sure the number of failed/dead/extinct projects are way bigger than this, we all know new projects spring up on a daily basis and more often than not they all either fail, or scam people, and that brings an end to the project, either way the project doesn't succeed.

I don't even think it is actually possible to get the exact number of projects that failed this year, because trust me they are so much. To think that people lose money everyday in all of these projects, but nonetheless the next new project still allures investors, i guess it is what it is, and nothing is going to change next year or even in the future; for people who do no know what they are doing/how to handle altcoin risky investments, they better basically just invest in Bitcoin that is sustainable for the long run, and that wouldn't go extinct like most altcoins do.

[Reid]

And eventually more will be listed there. Bankruptcy or just cannot endure what is happening in the market today and maybe until next year.
We don't see much of good news anymore, most are about rug pulls, scams, project closing down without prior notice to investors and a lot just could not survive the stagnant market.
Thanks for sharing the link though, really helpful.

[vv181]

-sni-

Ah, I see.

But the data could not be really accurate right, it's just a percentage based on the smart-contract scanning. More prefer to see the list from @OP, because people are really know a token without any rank or under rank 100.

Yea, it seems the list from OP is a project where there was a "utilities" before it died. The kind of project that was not built to outright scam people.

Compared to the yearly reports from the firm that I also barely knew, I think the scanner indeed won't give a perfect 100% accuracy, especially if there is a new polished method within the scam smart contract code. Nevertheless, it may also potentially give a pretty good number for a scam project that was created this year, noting people may reuse the same scam scheme again and again.

[JeffBrad12]

it can't be denied that luna and ftx is quite impactful, there are indeed many projects that has been getting their demise from the crashes of luna added with the recent crash, but it's good since this means the market naturally eliminates coin that is rather weak fundamentally and therefore next bullrun we might see some coins that's just significantly good in term of fundamental than the ones that's already failing.
it's always like this in every bearish, the weaker coins gets eliminated by either getting delisted or just simply losing their volumes.

[wheelz1200]

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

Sad part is this will never ever stop until people stop being greedy.  But since greed has never wavered in Amy market crypto will continue to be susceptible to scams more often than not.  Be vigilant and steer clear of these projects as much as you can.