9. Zipmex 

Zipmex declared bankruptcy in Singapore on July 22 due to losses of over $50 million from investments with Celsius & Babel Finance.

8. Hodlnaut

Singapore court placed Hodlnaut, a crypto lending firm, under creditor protection in Aug 2022 due to a $193M deficit.

7. Babel Finance

Babel Finance lost approximately $280 million, 8,000 Bitcoin of customer funds in June 2022. 

6. Celsius Network 

Crypto lending platform Celsius Network will be bankrupt in June 2022 due to the liquidity crisis and Luna-UST crash, leaving a balance-sheet deficit of $1.2B. 

5. Voyager Digital

Voyager Digital, a crypto lending firm, declared bankruptcy in July 2022 and has since accumulated over $1.3 billion in debt owed to 100,000 creditors.

4. Core Scientific 

Core Scientific, one of the largest Bitcoin mining firms, reported in Dec 2022 that it has assets and liabilities ranging from $1 billion to $10 billion, and up to 5,000 creditors.

3. BlockFi 

BlockFi declared bankruptcy, owing $1.3B to 50 creditors after freezing customer withdrawals. Bankruptcy filing on Nov. 28, 2022.

2. Three Arrows Capital

In July 2022, Three Arrows Capital (3AC), one of the world's largest crypto hedge funds, declared bankruptcy with an estimated $3.5 billion in assets. 

1. FTX

In November 2020, FTX, one of the world's leading cryptocurrency exchanges, filed for bankruptcy, leaving an estimated 9 million customers and other investors with a total of $9 billion in losses.